Although once i got a good crew together that understood what i needed and when i needed it....it was smooth sailing.

If I understood this correctly while one can avail free cash during a cash out refinance it can put one in a precarious situation as it also increases ones principal loan amount and if anytime in the near future the property value depreciates for any unknown reason one owes a higher loan amount on an undervalued property.right?

I've never understood this problem. 

David,The above posts pretty much hit it on the head: once you've understood your own real estate goals, and the methods needed to make the goals a reality, start networking like crazy on this website, at your local REI club, cahflow club, etc.

He just never understood his insurance well enough and so got pretty screwed up since he never bought insurance for himself.Just to comment on the rest:  I've only heard of the trust just helping with hiding your assets, but as Kohler's book points out (and others), during court you should be disclosing all your asset anyway... 

I think I understood it, but some of my details in this post may be inaccurate.  

This is understood to mean that as long as the llc will be under the same name as the loan it's perfectly fine. he added that before the rule was changed people put properties in llc all the time anyway because as long as you were making payments fannie didnt care and turned a blind eye. 

I found out more of her particulars and understood her goal was to stay in the home and just add another client or two in order to get back on her feet.

I never understood why they didn't buy the properties themselves or partner with someone if they needed the $$$$.I still can't leave RE alone and keep trying, but no luck.

Understood, but the statute says "any person" which is NOT a servicing company.