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.

Where is the individual accountability.

Certainly, there have been a lot of incidents in the recent past where bad brokers stuck people in bad loans because they generated a bigger commission.Like David, I STRONGLY recommend you find someone you truly trust who can guide you through this transaction.

I am sure your experience will be invaluable to new individuals here on Bigger Pockets.

Several months back, I reached my 1000th home purchased individually .

Would I have had the same ability to acquire that paying cash for each individual one based upon my full-time salary and living frugally.

I would guess that if you were to buy one, and really work it, you would be able to generate some leads.

In a chapter 7 bankruptcy can you elect to maintain individual properties as long as they do not contain equity if you believe they may be viable in the future?

Every generation but ours has been involved in great hardship.

Lending will ease, though it may take a while.As a buyer, I worry that the number of REOs available will decrease and their prices will increase, since the banks now have an alternative buyer for their bad loans.As an individual investor, I'm concerned that large companies will end up being the ones to get the properties from the fed entity that's yet to be created.