There is a default clause in the note purchase as well that converts legal and financial responsibility back to me if you default within 3 months after the sale of the note. 

But from a legal liability standpoint and tax purposes, its your best option to file an LLC.Onward.sjw

My original assumption was that since we bought it together in cash through our LLC, we would need need to cashout refinance it in the name of our LLC so we would both have legal tie to the property through our LLC. 

I have been advised that legally I could force the buyer to close, with the letter of indem. 

There was money donated from lot owners in a fund and they chose to pay off two lot owners debt in order to keep them out of foreclosure (total $4000).

The only strategy I have seen so far, and I forget who provided it, was to try and clear as much debt as possible on single family homes and pre-qualify for HELOCs of other lines of credit to be able to start buying at the downside of the cycle.One person mentioned in a facebook group I am in, essentially, "don't worry about it, just hold everything tight and wait it out, it will correct itself."

Also enjoy sports, fishing, and flying.I am a recent graduate and work full time as a drone pilot for a utility company (enjoyed your TFR reference), have cash in the bank and no debt.

Is there any way to find the reasons for the original debt?

Hello!I'm a new member and a yet to invest investor. I'm doing some math on a couple houses and I figured I'll reach my max DTI after two houses with a typical local bank and their conventional loan products.  That's ...

Since it takes so much to take the papers and start running my apartments I consider now starting a business where I can deduct all my expenses like the homes fixing at the beginning and the future properties that I consider buying but by doing this plus the short-term renting that I consider with tourists/visitors I feel more risk exposed since I will have to pay for a business loan with 6% interest, and an accountant to keep my business papers which will need another 120€ Monthly(that's for a Private Company which is considered to give a legal protections since me as an Individual is not exposed similar to protection that an LLC provides at the USA.)What is the community's opinion about what will be better for me?