Code §8-101 to 8-107 (Bad Checks)PenaltiesFelony: If the property or services has a value of $500 or more, a fine not exceeding $1,000 or imprisonment not exceeding 15 years, or both;Misdemeanor If the property or services has a value of less than $500, a fine not exceeding $100 or imprisonment not exceeding 18 months, or bothCivil PenaltiesA merchant or check holder may claim civil penalties separate from any criminal penalties against the accused.

I rent to a lot of SEC 8 voucher holders.  

The LLC structure puts the responsibility on the account holder to understand those rules.  

Reps of the bank or reps of the 2nd mortgage holder.

If the market crashes, I think Malden may crash faster than Medford and Watertown - Just my gut feeling.About flipping house, yes, it is a fast way to realize the appreciation of value and may be less risky than long-term holders in some ways.

This creates a modest priced rental and / or gives owners a way to supplement their mortgage payment (I'm a flipper - not a holder). 

Deed transferred in to my llc and owner was listed as the lien holder. 

Then at the time of distribution - account holder will be paying ordinary income tax.

It is in no way intended to escape valid liability; however, that liability will fall upon the associated business entity, as it should, and not any individual stock-holder, member, etc.You should be advised, by the way, that our credit expert's opinion of your employers' / clients' profession is similar to BP's opinion of the likes of me (an affiliate marketer).

In both scenarios for me, the equity partner was the lien holder (mortgagee) and my LLC was the mortgager.