If you're doing something that's likely to get you personally sued (not as the business but as a private individual), I still don't think it would hold up in court b/c essentially you'd be giving ownership of the property to the LLC and then, what, renting it back from the LLC?

I'm not sure with conventional financing but with commercial or private financing you can buy as many at a time as your bank/lender will allow you.

Finding private lenders and hard money lenders5.

The appraisal and any work done would help substaniate the value.My thought here is that if you actually have a friend, family member, or private investor give you funds which turn into a lien..great.

I have a copy of the bill for you at: www.BillionDollarBailout.com/TARP I say keep the Federal Government away from troubled assets and let market forces in the private sector manage the assets.

Look for methods of finding private money lenders.It sounds like you haven't read enough real estate investing books yet.

Now, I am raising private money so I can hold the properties that do not sell within 6 months and just do owner financing with them until the credit crunch loosens and buyers can cash me out.

This does not mean that you can not get non FHA loans from local banks, commercial loans from banks, or private investor loans.

*More Private Money?

(Trusts are how the investor group that I work for structures all of its private mortgage financing)