I need to do more research on the subject and items you mentioned.As far as Mark's book is concerned, I do not have it in front of me, but remember that he listed 4 states that LT's were "legally recognized" not "legal".

And, if you recognize that, you can profit greatly, while the fools get left as the last man looking for a chair when the music stops.

Also take a minute to recognize that telling them no should be easy - the fact that you are stumbling on this may indicate your potential complacency with other units.

@Joel Owens  I was one who recognized what happened in metro Atlanta and 5 years ago I bought 54 homes for the exact numbers you describe..

CA does not recognize series LLCs so be careful in how many LLCs you are forming.Be sure to tell your accountant that you now need to file non-resident income tax returns in each state where you own property as well (though that state may not have income taxes). 

If you read the whole article, you may have recognized J.

Pay attention to the other bidders:Do you recognize any title company documents in their possession if only one property is being sold at that time, you may assume they had title work done, a better assumption if they bid, IMO.

For those of us fortunate not only to have a roof over our own head, but also to be able to provide that to others, I think we have a responsibility to recognize that gift, and give back to society. 

As long as you work with your attorney to recognize those limitations, it is one possible idea.

I would have to open an escrow account and withdraw funds from that account as rent revenue becomes recognized.