We found ourselves wasting an obscene amount of time doing our due diligence where we doubt that the vast majority of bidders actually understood the costs involved in the rehabs.

They both involve sourcing deals.  

Nicholas,I think you may wanna read the threads below before hiring any of Bob's "guys".Exposing more of Bob Prisco's (AKA Bob Stevens) LiesWho is Bob Stevens AKA Bob Prisco and what's his involvement in Cleveland?

We recently did a loan involving a borrower with a mind-numbing operating agreement involving nested LLCs, retirement plans, and individuals. 

These have a much higher CoC ranging from 18-30% depending on how involved you are, the property specific and its execution from a design/amenity standpoint to management.  

If there is a loan involved, the trustee name will also show on the security instrument. 

I wonder how involved would I still have to be if I hired representation?

However, there are some drawbacks to putting a rental property in a trust - first setting up a trust can be expensive and involve a lot of paperwork, the rental property may be subject to rent control and liability insurance may be more expensive for a trust.

You don’t get involved personally.

I suspect this would happen if various parties were given the ability to ask questions in nearly every application for what this thread touches on - and I have major concerns about integrity (and credibility) issues involved in putting yourself in a position to defend this position if ever challenged.