Be advised if the lease option individual stops paying you are still responsible for the debt. 

If I am not mistaken I heard a few weeks ago that there is more relief on underwriting self employed individuals on declaring income.

Relax, you're fine.As with a trust, lenders do not exercise the "due on transfer/sale" clause when real property is transferred to the same individuals in an official capacity (e.g.

The cause of a bankruptcy is irrelevant, medical or otherwise, what is important is the length of time since the bankruptcy and there record since.Simply because it was caused by medical does not change the fact that following a bankruptcy a individual is financially fragile and a very high risk.

They give tenants permission to contact those individuals directly any time they are unavailable.

Addressing the problems is like trying to put out small individual fires in a forest that is burning.

@Jared F.You should consult an attorney when it comes to asset protection.A couple questions you want to ask the syndicator is how the entity is structured.If the entity is structured as an LP or an LLC - you are likely a non-managing member or a limited partner.So the question you would then ask the attorney is if you have additional protection investing as a limited partner/non-managing member in your individual names or as an LLC.I have seen individuals invest hundreds of thousands of dollars in syndicated deals.

If you know your comps well you can use the individual complexes’ websites to check their rates, but those can vary widely in accuracy.

Just like an expense report that you would charge for business travel etc. to establish a legitimate separation between you as an individual and your LLC. 

A family member (breadwinner) passed away within a couple of weeks ago and another family member has recently started to receive mail from the individual that passed.