With this being said, if I buy a property under an LLC and lets say the LLC tanks (worst case scenario), would it go against me personally and completely ruin my credit as well?

Well have to go Shark Tank is coming on good luck my friend.

(I stole that line from Shark Tank, one of my favorite shows).If you are able to make a deal and sell, I would be very interested to hear the outcome.

They are extremely efficient and you can have either one big tank or individual tanks so they can pay their own.

How do you more experienced wholesalers handle the oil tank issue?

Should I expect a recession and sell most properties before it happens or is there another way to protect myself and not be completely wiped out when the real estate market tanks?

I also once had a tenant who had at least 3 large fish tanks (also without prior permission).

Well, I have often posted advice similar to this: do not publish on the internet how much money you have available, especially if you are new ... there are too many scoundrels out there who would be happy to separate you from that sum of money.You have chummed the waters, and the sharks can detect that and swoop in ... 

I think loan sharks have better terms.He explained that by law the bank can't refuse to do these loans, but because they are not very profitable for the bank they set such extremely ridiculous terms that nobody in their right mind would do it.I even explained to my banker that by him making me put the 15% down was triggering this issue.

So I turn off the water where it comes into the house, drain the tank, and turn the water on again, right?