It hides EVERYTHING.

All seemed fine for about the first 18 month, but then I got an emailed letter on Dec 23rd from the lender that we were in default (informational - unbeknownst to me the sponsor was hiding from the bank.)   

Where is that extra $20K hiding?

Slang for places people hide their cash.

Something else to keep in mind is a LLC does not provide absolute protection so you still need to take other measures to protect yourself like insurance, umbrella insurance policy, trusts to help further hide your identity, don't use your name and home address as the registered agent for the LLC. 

It's really easy to hide things with a good paint job and flooring.- Home inspection, home inspection, home inspection.

At least in the sheriff's sales, the auctioneer is not engaged in trying to hide things from the buyer. 

It’s kind of irrelevant, and nothing to worry about hiding.....you’re buying it, you can do what you want with it.....as long as you honor your agreement/obligations.

You as seller are trying to hide something and are hoping buyers inspector will miss it. 

It’s been our experience that some of the nicest decorated and straightened apartments hide the biggest horrors once the tenant moves out.