Down side is it makes financing more difficult, banks will still require personal guarantees on mortgages, and you will incur additional costs and book keeping with a LLC.A LLC is psychological security for those living with the fear of litigation. 

I believe understanding and implementing those elements can translate to sustainable success in any field.Alas, we are not here to talk about stocks or psychology (though I could ramble on for thousands of words on either topic), let us discuss real estate.

You learn alot about psychology.  

@Joe Demonte I earned a business and psychology degree.

After all, life is 80% psychology and 20% mechanics...

Just hang in there and give it time.If all the units are vacant from the remodel it may be a psychological problem..

Also a little sales psychology....many people always want things that other people want.

However direct mail marketing to individuals in foreclosure is a new and completely different market and psychology than the traditional markets I am used to.

So, when you take on the full-time psychological responsibility (real, no bs hands on support, not crappy "go look on page etc, etc") of a student and only received a portion of the funds, it can become a rough business to continue if you're the only one making money.However, I brought the course back for next to nothing because, and I mean this with all sincerity, I started to see some people (who's names I will not mention) teaching lease option assignments on a national level.

Some say its lying, but it's a common psychological tactic used in many facets of life.