It is from having it established correctly and operating correctly so if there is a legal challenge in the future the LLC passes the test.If you think you have assets as risk and want an LLC then handling it wrong is not really much better.

Also, dont count on judgement creditors or any tax authority to take a short!!!!!!

In his books he talks about trading assets for bigger assets.

If there is sufficient liquidity in the estate they may be able to work out an equitable distribution of assets.5.

Well our legal system is setup on case law and statutes, and at least I know for Texas, that the case law says that I don't have to put any earnest money to make the contract valid.Should I still practice Covering Your Assets (CYA) even if the law is behind me?

We each have a 401K (I don't think I can use those assets although I can with the IRA).

Hard money and seller financing are two options for those that are credit impaired.Now obviously improving your credit should be an extremely high priority, because money gets a whole lot cheaper when you have good credit, good assets, and a good track record, but I wouldn't let bad credit stop you.I personally am the type of person to figure out what I want to do, and then figure out the way to do it.

The bank has already turned it over to an asset managmenet company (some little repairs are already being done on it).

It provides a good overview of RE and protecting one's assets. he discusses trusts and what they can accomplish.

I have checked and it is a boilerplate which asset management company is using nationwide including Massachusets and Hawaii.