Do you still dare call yourself smart.. savvy?

Maybe that's easier, like a cheat code, but it's not smart.

Today's market in New York attracts so many wannabe's investors and property scouts that don't really knows what they are doing , approaching homeowners of crappy houses promising them bag full of cash (way above market value) and trying to market the property to new investors that going to loose their pants in the nearly future, NO ONE can convince me that a crappy two family frame house in bushwick NY worth 800k it is just De-Javier of 2007 right before the big crisis. back then i saw some smart *** investors buying houses just like today with their 401k and hard money loans and lost everything in few month.

I guess for me it depends if I get involved with another Med Device company or not.

Are people are smart enough to know by talking over phone or looking at me that I do this for kicksThis was my favorite After several days with little sleep yesterday I met with two couples at a rental The good and the bad First couple the woman started up her mouth coming in the door, at full volume screeching how she didn't like light colored carpet.

That is not a smart idea, yes some areas are in blight but doesn't mean mass amount of homes need to be torn down.

MFR is a smart choice especially in the greater NYC area.

If the economy takes a dump (a la 2008), the borrower minimizes losses...it's a smart business move.

There are many ways that a lender can discover that a property isn't owner occupied or that some beneficial interest has been transferred.Frankly, they think they are out smarting the system or the intent of rules, regulations and laws. 

You don't know what other liabilities the LLC might have incurred hence don't want to get stuck with an undisclosed debt in addition to the property that you thought is just what you were getting.It sounds like the issue is something that could be addressed contractually or through some other device where you could explicitly and specifically state clearly what interest is being conveyed along with the LLC, and could name the specific property (or properties) in question.