Please thank him for his service for me.As far as this particular issue goes, forget the attorney, your claim likely isn't large enough for him to really burn any calories on.

Now Sue is diagnosed with Alzheimer’s and still has deficits from her stroke so she has to go to memory care, costing 7k per month.  

If there is a deficit, the tenant is billed for the shortfall.

So if I only held one property in this LLC, and the LLC were to default on the loan, the lender could take the property, but since there were no other assets to take within this LLC, the lender couldn't come after me personally for the remaining deficit?    

A $700 additional cash flow could turn into a $700 deficit when you start uncovering those skeletons.

Be sure to have a strict checklist when it comes to your investing because you don’t want your first property to create a deficit that makes it problematic to continue investing.

I even offer (no credit check) $18,000 upfront rent fee and no rental payments for 1 full year.You get the jist.....juggle with the numbers until they make sense for you peticuliar case.Explain upfront fee is non-refundable and used to offset deficit in monthly payment.

That means ``we shouldn't worry about the deficit next year or even the year after,'' he said, adding that in the short term, ``the most important thing is that we avoid a deepening recession.''

See: US national budget & deficit.

If we try to rent the property instead, the leasing comps we pulled estimate a monthly deficit of $250.