If the person you just bailed out of jail does not appear in court then the bondsman can and will take your home, vehicle or any other collateral that you have pledged.

This helps make things easier in the long run he explain "because your not in charge of the property, but you still get the income".

This gentlemen has been in the REI business for 25+ yrs and he appears to have everything in place as far as rehabbing costs and gameplan together.

You don't need $50,000 in your account, but you do need some money, $1,000 makes life much easier.

Basically it appears they completely disregarded the entity.

We then evolved into trusts to hold the same as its easier to manage the holdings & (hopefully) eliminates future spousal/probate, privacy issues etc.

The idea being that a refinance is easier to acquire than a standard conventional loan from the beginning; and possibly not require the standard 20%-25% down.

Its just feels easier and more secure as I am nearing pay off of my first SFR.

Buying and selling vacant land is much easier than dealing with houses, but it still takes considerable time and effort.

But at the end of the day life is so much easier when you don't have to drag someone into court over a civil suit or send letters back and forth between attorneys reminding someone of what's legal and what isn't.