[actually this specific case may not be the best example b/c according to case law in Massachusetts, negligence with safety and locks tends to solicit particularly harsh penalties from the judges, but you get the point.]The difference between this protection and that offered by having the LLC own the property is that this protection may shield you from liability that you can show was "property management-related" if the LLC is clearly a property management company.

I suggest that you check your state laws and procedures.

The thing is I have to watch my a$$ as my future mother in-law is very slimey.

In fact, I'd bet that the number is probably less than 40%.Most American millionaires (those with a net worth of more than $1,000,000) are "self made".

New foreclosure laws do not favor the seller.Dangers if you have to take the property back.They damage the property.They think that since they own the home they can redecorate and rearrange to their hearts content.

It is against the law to pay commission to someone without a liscence Why don't you ask your parents to give you a bonus if you find a sucessful buyer for the property?

My sister-in-law uses craigslist consistantly for furniture, roomates, etc.

Since I've learned to use collection agency/furnisher of information violations of FDCPA/FCRA law as leverage to get my credit report cleaned up, I've learned to feel comfortable using the law in general to my advantage.Your post clears up why I want to learn more about wholesaling properties.Thanks.

In Oh that is violation of state law and you could be fined or go to jail.

Always make sure to consult with a competent attorney before doing some of these creative investment startegies.In Texas, laws around lease options and contract for deeds (land contracts) have changed drastically in the last couple years.