That is like saying each time Apple loses a products liability law suit, the shareholders must personally pay out their bank accounts to the plaintiff.

As Douglas mentioned, you're mixing apples and oranges.

Make sure you are comparing apples to apples.  

I'm just comparing what I believe to be apples to apples.

Use something like "123 Apple Way Land Trust".3.

Plus we already have IO loans (or, had), and there are almost exactly the same thing.

Talk with a few and get numbers from a few on the same building and then you can try to compare apples to apples as much as possible.

Even then, EVERY accomplished investor I've talked to (and there are hundreds in the Chicago area) has been more than willing to walk someone through a deal, to check their calculations and reasoning, and to recommend a conservative approach until experienced.There has been some balanced commentary on BP, but the majority of what I've seen seems to come from ignorantly formed, snap opinion, based on little actual knowledge, or anecdotal stories of the occasional bad apple.

Also I like to go look at the comps to make sure we are comparing apples to apples.

Property liens attached to a specific property, but personal liens/judgments attached to EVERY property.If you are funding all the funds at once vs. issuing "draws" on the loan like a construction loan, you have a apples and oranges and completely different possibilities and liabilities.