Have a couple of small rental properties in Montgomery County where I grew up.

So let's try to break this down for you.In a nutshell, depreciation recapture happens when you sell an investment property for more than its adjusted basis (the original cost minus accumulated depreciation).

Obviously, if the buyer bails, I want to be the one that get's compensated rather than the seller.  

Chase, US Bank, usually the ones that seem to be more well versed in BIZ Banking.

From personal experience, private lenders usually will not partner with someone who is new.if they do, usually they will handle the renovation and split the deal, based on what your contribution is.

Cheap properties are usually no bargain.

They don't want to foreclose because the property they get is usually an bad shape, and they are not contractors, REI agents, or REI. 

@Jeff StevensonHere is that thread about llc lawsuits you can see plenty of opinions:https://www.biggerpockets.com/forums/926/topics/1151922-than...

That law is usually for managing properties that aren't yours.

I'm Alexander Davila from Mundelein IL (Little Suburb North of Chicago), I've been digging deep about real estate investing for little more than 6 months.