Effectively buying at 100% CLT with a 1st position portfolio or DSCR loan combined with a seller 2nd that the lender wouldn't otherwise approve....It sounds like this is a recipe for getting sued at best, and arrested if it rose to a sufficiently large scale where charges were brought against someone.

Only problem, they didn't do their homework, this wasn't an area where that sort of thing is actually sufficiently in demand to support that restaurant, at the prices they needed to turn a profit.

You are a landlord and have to treat it as such.Insurance and taxes typically only go up, so make provision in your lease agreement to make sure that the lease payment is sufficient to cover the probable increase.

but once a policy is in place and there is sufficient cash value then credit is of no concern and it's yours to leverage how you see fit.As for the $20k that can absolutely be sufficient to flip a property or help flip a property.

It must be legitimate business with earned income, LLC with rentals would not be sufficient since rental income is passive. 

. $800 a year in franchise tax fees is my no means sufficient to buy liability protection from a determined litigant.4) Would you hire an environmental testing company to test the land (to which you have no legal access - but I doubt the dead guy would call the cops on you) once the foreclosure process has progressed well enough, but before it's conclusion, so that you tell the lawyer to stop foreclosure in case some major contamination is discovered?

"Also, if a person can demonstrate sufficient education or job experience showing his professional knowledge of unregistered securities, he too can qualify to be considered an accredited investor."

It will take a lot of calls, but it should pay off if done in large quantities, consistently.

Typically, when funds acquire loans, they assume delinquency/default risk in exchange for earning a yield on their investment.Yet this would work differently – it’s a request to purchase debt alongside a corresponding put option/insurance policy.From the buyer’s perspective, as long as the seller remains solvent, with sufficient liquidity for any exercised options, it’s a risk-free investment.

Have you heard of Rent App and is that a good idea (instead of Venmo) and sufficient for tracking rent payments?