I imagine condo prices are soft while these assessments have been pending.  

I spent 2 days cutting trees and underbrush that had tried to take over the lot and house and paid $300 and helped a crew chip up the brush.

And again its regional  what works in one region is foolish in another so we can't paint a broad brush over this...

A few flips ago I had a 1200 soft condo that had been smoked in 30+ years.

If you do not, then it is quickly brushed aside by a judge and you are personally in whatever lawsuit you were hoping to avoid in the first place.So lets talk reality and solid advice.Until you have enough assets and especially those outside of real estate, an entity is probably not needed.  

In fact, the high end market has been getting soft since the fall of last year while the mid-end is holding steady, and the low-end is still thriving.The LI for CA has turned down quite sharply compared to several months ago while the Silicon Valley economic index is rounding out the top.

There is a 100-150k difference in price between selling a 2/1 into a 3/2, IF you spend 70-100k on an addition (hard and soft costs), may it be up or extension, there's the 30-50k upside.

@Eric Barnett if the rate is 1.75% above prime then that's soft money.  

Brush up on your landlord tenant laws for your state.. 

It's not something we can simply brush off as an unsecured debt from the standpoint of the borrower and the guarantor due to its sheer mass.