I've found that most LLCs that I've looked at have been a revenue generator for an attorney rather than effective protection for the landlord.I never had an LLC for any of my properties, 16 SFHs at one time.

To renovate these houses wouldn't be cost effective.

I dont know if the value of anything that anyone owns is ever under their control..............but I think that the answer to the question on the topic is obvious....Developers are holding to property longer because of the overall institutional freeze on lending and credit markets, and the effect that it has had at the retail level.

Plus, you have all the exorbitant costs associated with RE transactions.

Click on the video in the link to get his thoughts.http://www.cnbc.com/id/26867866He talks about the dire situation effecting the credit markets last week and the consequences of doing nothing.

Its part of the closing transaction.

With insufficient liquidity to meet its obligations, WaMu was in an unsafe and unsound condition to transact business," the OTS said.Seattle-based Washington Mutual has about $307 billion of assets and $188 billion of deposits, regulators said.

Believe me, if Countrywide has already accepted your sales price and costs, they will take a few thousand less but it will just take more time--3 weeks is nothing in the life of a short sale transaction.

Bailout vote is now in effect . . . lets see what happens

(hint - it's essentially the same thing).Once you can do this effectively, you wll be ahead of 90% of "investors".