I did that for several years and my cashflow is exploding month by month at this point.Please understand, I do not claim to know everything nor is this the only way that it can be done, but it is the way that I did it and still do it.

It's like $150 if I remember correctly.Once your LLC is set up, you just have to quit claim the property from your name to the LLC.

If the damages exceed the deposit you can ask your tenant to pay the costs (desired) or take them to small claims court (undesirable and costly).Instead of worry about the worst case scenario, which can happen, I would focus on your tenant screening process to prevent these issues.

My experience here in SW Michigan is this:- there are no true wholesalers in this area that produce enough volume that they can be considered a real source- if you want deals you'll need to market for them yourself; the others are keeping their leads to maintain their own business- I've heard from a few pretenders claiming they're wholesaling- make sure you check up on their claims, see if the properties are already listed, etc. 

there is a guy on youtube that claims to have this figured out.

You can claim to only be the property manager but a lease must be signed by the property owner or the agent of the property owner.

For an issue like indoor air quality, though, tenants could make the same claim and send their landlords down a similar rabbit hole.

They will be happy with their small victory and will feel like they owe it to you to pay happily each month!

Sounds like a lender is trying to capitalize on pulling any creditor's claim in bankruptcy, we will drop our claim and ask that the court approve the sale.

Worst case it would be a moral victory for me to put a ding on their credit even if I don't get any cash.