If you had a 1 bedroom penthouse with secure parking and other things that are not reflected in the data you will have issues.

I also think it is a cost of securing that asset protection by using an LLC.

Granted I would look at things to see if there is anything else going on that I did not expect.

You obviously need to know the property's value, estimate your costs to secure and rehab, project your marketing time or exit strategy.

In the RE context the note is normally secured by collateral that is RE.Buying and selling notes if both a niche business and a big business.

Granted the liability protection of a series LLC has not been test (too new) so how much added value you receive is to be debated.As a general word of caution.

Another way to possibly getting around the deficiency judgement is to put inside of the purchase contract that is agreed upon for the short sale, that the bank will not grant a deficiency judgement to the seller.

That may have been a mistake; they perhaps should have done the standard screw-the-landlord procedure and kept the last month against the security deposit, but they were naive and assumed it would be returned...

Granted the ones who are best for commercial deals might not be the ones family will know about.John Corey

Accordingly, property management activities that require a real estate license include: showing a unit for sale or lease, negotiating lease or real estate contract terms, maintaining security deposits, rent payments or earnest money deposits.Still searching for Missouri information.