Can I sue them or report the agent to the ethics board and have them pay the total fees incurred due to their insincerity?

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

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.

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).

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

. $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?

That may look different next year, but if not, sustainability and morale are more important than a few thousand extra dollars per year.Running a 53 acre ranch in Texas is a WHOLE other level of property management.

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

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

Thank you, I mean if one gets a loan to buy a home and rents it out so the renters can pay the mortgage while the investor keeps on buying homes but all are loans not purchased in cash, exactly when will the investor see a profit , seems like it will be a while.