It's all just a scam to drive unsuspecting newbies to the guru, where they can be fleeced!

We are both waiting to go to Court next week to see what the Judge decides to do.............When I thought I've seen it all.......I always encounter something new.

If he found your property via Craigslist it's likely a scam.

IMO, having seperate LLCs for each property is a scam introduced by gurus and attorneys doing LLCs.

The question was meant to be more theoretical as I had never thought through or encountered this situation.

@Jay Hinrichs Interesting, a note buyer myself, I know that method of lowballing and going up :)I didn't encounter this kind of requested prices (20-30%) on performing loans, I wish I could buy at those prices, maybe in bulk deals of 500k and north, its prices like that.

Quote from @Wendy Usrey: Quote from @Jack Mawer: Sounds like a super cool opportunity but can definitely see financing being tough to come by - curious if there are lenders in the US that offer out of country financing  Haven’t found any yet (that aren’t scams anyway).  

I have an apartment building in an area like you're referring to.If you're easily stressed, highly strung or a worrier then it's probably not for you.You will encounter drugs, crime, non payment, unauthorised move ins, etc.If you can handle those things in your stride then there's good money to be made at relatively low entry points.One of the best things I did was install security cameras.

@Ray A Delfi my guess is it is a total scam.

You may also encounter sandy unstable soils the further South you go (Elmendorf, Lytle, Dilley, etc.)Hope this helps answer some of your questions.