And two or three financial publications then produce articles utilizing this unsubstantiated patently ridiculous claim as fact.

(Draw was 5k, you receive $4,801) This is standard practice that protects the lender from giving money for incomplete work. 

By strategically acquiring and managing properties, I aim to create a portfolio that generates consistent income streams, allowing for long-term financial security and freedom.

If they are a crime victim they should also go to their local police department's financial crimes unit, contact financial crimes where the fraud is based and call or go into their local FBI office and ask to speak to the duty agent. 

As for seller's NOI, I would certainly ask for their financials, but at the end of the day, they will only provide you about 30-50% of the picture.  

I now want put the property in an LLC to protect our liability.

I am excited to immerse myself in the world of real estate and take on new challenges as I embark on this journey.Goals:As a new member of the real estate investing community, my primary goal is to educate myself, gain hands-on experience, and ultimately achieve financial independence through smart and strategic investments.

Thank you @Bill Brandt, that breakdown makes a lot of sense and gives me some financial clarity if I decided to sell now.

I have heard that forming a Wyoming LLC is better for asset protection.

But whether or not you should is a financial question that really depends on where your lot is.