I created a "sacred space" as it were, with calming music, candlelight, hot tea, etc... and for 1hour/week I listened through 1CD.

There are various reasons the project may not qualify for financing:  owner occupancy percentage, one individual owns more than 10% of the units, the community is involved in some sort of litigation (usually construction defect), or the HOA finances are bad (underfunded reserves).  

It creates potential for two-layer taxation and creates tax deductibility issues for losses. 

., neglected to pay the individuals who " either, found the buyer, "Brokered" the deal, or both.

companies/individuals who do this and what are the pitfalls that i should avoid to check if they are not scamming.

Therefore, future properties will be purchased under the LLC I just created.  

Louis with a similar model (creating turn-key $30-35k rentals).

Most reputable turn key companies buy distressed properties further upstream (i.e. auctions, tax sales, etc) at much better prices than the average individual.

You could potentially be liable as an individual, without the protection of a corporation/LLC, and without the benefit of insurance coverage.  

It's all depends if you purchase under individual name or company since those entity subject to tax in different ways.