I had quite a bit of money there for a long time and they were always hassling me for fees, but waiving those fees for penniless oldsters over 50.

A little bit about myself - my real estate investing career started over a decade ago as a penniless teenager, with a dream of better life.

If you don't actually sacrifice to pay off the debt, you will just run the debt back up again and be penniless in retirement.

I won't spend unlimited amounts of money for perfect protection (incidentally, corporate veils can be pierced--and, given what I know about how judges think, the more draconian the injury, the more penniless the plaintiff, and the more wealthy the defendant, the more likely some judge will come up with a creative solution to pierce the veil.  

I would rather have a poorly written contract with a good security interest than an airtight contract against a penniless LLC!

As it turned out, they were almost penniless (didn't have cash to timely file paperwork which was under $600 cost).

Wage slaves believe that accepting the system is the only alternative to dying penniless in the streets. 

I funded a deal, only later to find out they are penniless.  

Penniless I needed a place to live.

The tenants are penniless so if they break anything even if it's the tenants fault you are stuck paying for it because if it's not repaired Sec 8 won't pay you.