It's interesting what people will do in acts of desparation.In my experience, lenders (specifically private lenders) will do what they can to work with a borrower to avoid foreclosure, which is a costly endeavor for the lender and requires time to process, usually months and months, depending on your state.Also, while an LLC is often considered a safeguard to protect personal assets, a lender using an LLC for multiple loans may have a substantial value to their LLC, which could all be at risk.Finally, if the wrongful foreclosure suit is legitimate and based on an error by the lender themselves, an attorney could logically sue both the LLC and the individual.

It's an asset based loan so most all the requirements will be dependent on the rent covering the debt so if you have cash but no stream of income it'll be the way to go.

He has a landlord reference of five years.My policy is to require three months of rent in advance, which is plenty of time for him to find employment or prove his ability to pay rent on time.

This would require hiring an attorney and create some long-term obligations, but may solve a number of your problems.  

It could very easily be coming from a hole from the satellite that requires a simple fix, like the seller says it is.

Is it still legal to wholesale properties in Ohio or have the laws changed requiring a real estate license in all transactions such as in the state of Illinois?

You need a set of specifications and a scope of work so that the work performed can be compared to the work required by your agreement.

If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.

Congrats - at the end of the day, learning all those lessons really require jumping in and "doing" and making the actual mistakes - no shortcuts and way to "learn" these by studying endlessly without making the leap

I have already reached out to My Real Estate attorney and he is going to be drafting the required paperwork to secure the loan against the property.