Quote from @Victor Correa: Have a deal, subject to mobile home with bank lien, Not payed off, Seller just bought 2 years ago & I am taking over but reading about the title transfer need consent from lien holder.

These penalties include:Five years in prisonUp to $500,000 in finesEquity Skimming may also result in Conspiracy charges, specifically conspiracy to commit bank fraud and false statements to influence a financial institution.

If you have bank loan (not an agency loan) or no mortgage at all, an LLC is certainly an option.

So when the bank requires insurance for the loan amount.. that will work generally.. 

@Henry Clark Your writing skills is excellent.I learned & enjoyed at the same time.

(G) Acceptable forms of payment of Rent (including Additional Rent) are ___ personal check, ___ cashier’s check, ___ bank check, ___ money order, and ___ the following online/ACH payment methods ____________________.

Meanwhile, bank money market paying 7.5%. 

I lost money for many years in real estate, while my friends were enjoying life with their savings.

.- If you decide to have an LLC for each property, creating a Management LLC that all the other LLCs "hire" to run their books, will allow you to only require a bank accont for the Management LLC.2) You may not be able to do a Trust.

Start their own consultancy (either recruiting agency since they are the top recruiter like I did, or if they were pentesting for different clients like banks, fortune 500, etc, they start their own pentesting consultancy/firm).