Did the Lemus pay just a security deposit upfront or did they pay some portion of rent in addition to the security deposit?

The judgment will most likely be worth as much as the paper its printed on and all you will have to show for it is a legal bill you will be paying your attorney.

The LLC is meaningless in this equation at this point unless you are going to pay cash.

If you don't have such a person, you can go to a third party service like VerifyInvestor.com and pay a fee for them to review your financials and generate the letter (from an attorney).

. $425k) to purchase a 12-unit Apartment ($1.5M) with 25% down ($375k from the HELOC).The remaining $50k from the HELOC could go into fixing/rehab of the 12-units.Then cash-refinance the larger amount from the 12-units to pay off the HELOC in one lump-sum (as much as possible), then using the cash flow from the apartment to pay off the rest of the HELOC.Repeat the process with a new apartment.1) Does this make sense?

They stop paying anything from that point no rent and no bills.

What end buyer is buying a deal that a wholesaler got off the MLS when they could have bought it direct off the MLS themselves and now are paying more?

Collect an IRS Form W-9: Before paying a contractor, collect a completed W-9 form from them.

I'm new here and not sure how the site works but I'd love to connect

There was a time when to be competitive in this market your best option would have been to pay cash, but with current market conditions I do not think that is necessary.