It would be nice if the lender (Wells-Fargo) would allow an assumption by the LLC, but I don't think that's likely since they would lose the ability to go after my personal assets if I defaulted.

There are lots of investors out there who loan money for real estate deals, and might be interested in loaning you the money assuming you are willing to put up some additional security in the way of the extra lots (or other assets).

Has anyone heard of NationalForeclosures com LLCOwner : Ric CarterNationwide Mortgage Banker & REO Asset ManagerHis fees are pretty high.

There can be a whole boatload of juriidictions (state, (multiple) counties, (multiple) cities, easement rightsholders (e.g. power company), traffic control authorities, etc.)

However, you may have a large amount of personal assets and to add a layer of protection, your attorney may or may not reccommend an entity for liability purposes.If you are doing a lot of them, it certainly can not hurt, and the $ you would be making would more than cover the annual expenses of the entity.

I hope that they take any wealth I leave to them (not likely to be a big pile of cash, by the way, more likely to be business and investment assets) and increase it geometrically.

If you read the HAP contract you signed with Section 8, you would see that you are specifically prohibited from charging more than the authorized rent.

Mostly, they do not want to be bothered with you because of the volume of work they have to do for the banks/asset management companies.

This number resonates with me not only because Irwin mentions it and states unequivocally that it is indeed possible, but also because I happened to read a stock market book a couple months ago by an author who describes his strategy of only buying stocks at 50% off the market value, and it will make a big difference to me in terms of quality of life and location because real estate is so expensive in this area.

I represent roughly 30 Lenders, and REO asset management companies...I will stick with the less risky stuff..If you think a jury of 12 will rule for a lawyer over a consumer... pass me what ever you are drinking or smoking!