If you personally guarantee the note, if you manage the property, if you had anything to do with the rehab,,your tied to it even if you hold the property in a corporate structure 10 entities downline from you.There is NO getting away from personal liability IF you manage the property, are responsible for the property and its upkeep, or your personal name is tied to the note in anyway.Go talk to a lawyer that you trust, ask them how to keep all liability from your personal name,,they will probable tell you to not invest in real estate, even silent partners can at times be brought into lawsuits.If you have a $5 Million umbrella policy you shouldn't have a problem unless you leave a leaky gas line unfixed after you were notified and someone is killed,,then bankruptcy is the least of your problems.

Closing is set for July 20th.As long as I don't lose money I dont count it as an actual loss but when it's only $8k I take it as a personal loss because I know my tie and energy could have been used better to make maybe double that.

I am just looking to manage 10+ properties (or more) with a friend or by myself and running a small horse boarding/trail riding facility out of my house and stop being tied down going in to work on someone else's dream ya know.

In MN most properties will have a 6 month redemption which can be painfully long to tie up funds.I know there are other strategies people use to come in the back door near the end of redemption, but these are not folks with the best reputation and many are in jail now or will be shortly.Any idea's on what has worked would be appreciated.Thanks

A small rock stuck in a shoe, pet claws (just from walking), and any kind of rivets/zippers/buttons from clothes pressed into the floor can damage it easily.

I'm not really thinking it's a good but anymore, just from what you have explained and I just don't wanna be tied down to this tiny little town!

From what I have learned, your water Bill in Philly is tied to your property taxes.

I know it's impossible for them to sell while in default, but my goal is to tie up the property for ME, while I work with the bank to cure the default.

Put yourself in the tenants shoes at the end of your lease agreement they are going to look elsewhere.

       ( throw your shoes and clothes away when done )