I've seen a lot of flippers in my town have houses just sit on the market forever because of small errors in judgement on location or finishes. 

I can rent out my unit in rain or snow to the first person that comes through the door.

I would like to think (hope) that those coming at contract just happen to be a really good judgement of well-informed buyer and seller :)Best wishes.

I just noticed some of their reactions but No one will rain on my parade.

My understanding is that the 1st deed is subordinate to Tax Liens, Mechanic Liens and Judgements.

The local screening service I use didn't come up with any criminal history, but did come up with one rental judgement from 2001 and one medical judgement from 2002 that has been paid.

With all the rain we have had, there are plenty of these good deals around.Just gotta have the cash to pull the trigger.

Most agents who would let their sellers sign a contract at your "smoking deal" price are just dummies, verified by the fact this agent did it with no POF, dummy listing agent mistake.I'll also go out on a limb, but probably not very far, and guess that you have no idea how many lien/judgement holders there are on this property as well as who they are. 

Instead of thinking of me as the guy who rains on parades, think of me as one who puts out wild fires before they start. :)    

If you have each llc with sufficient capital, who knows exactly what that is, but for discussion, lets say $50,000 and insurance on top of that....ok, you are likely fine on the personal side...they just wipe out the llc....assuming of course they get judgement.