I am pretty sure this is just in theory.

I make the previous owner sign an estoppel letter on the theory that the owner will have something to go after as opposed to the tenants who usually don't.

but that isnt really what they are targeting... because these same people know if they bang your taxes up by 200% you will just pass it on to their rent paying constituents.Originally posted by @Tim Gordon:Originally posted by @Carson Wilcox:you should hear the libs screaming to repeal prop 13... then when you say oh... we should tax old people and the poor out of their homes...? 

I've seen plenty of great examples on BP which disprove this theory.  

In theory, doing the wrap this way does give the seller some protection since they can foreclose if I don't fulfill my obligation but it also takes away some of my control should the seller flake out.

Multiple bedrooms are more conducive to families, this less likely for high turn over, in theory.

You are telling me about theory. 

In theory, you would need absolutely no debt. 

In theory they should be, but again, who knows.

It makes it a little bit harder for someone to track you down...but if someone is lawyering up they can freedom of information act your state's Commerce/Treasury department and find out who submitted the application for the LLC anyway...but if they're just looking at tax records or whatever...than yes in theory it's a higher degree of identify protection.