OMG, that ***$%^& let his brother go CH 7 bankrupt?

The at risk amount here would never bankrupt anyone (god I would surely hope not) so the findings of Round Two in this case doesn't matter much, other than all those reading the Tenant Forum have be cautioned on what NOT to do.Here in Calif, filing for an Entity is an annual $800 fee, so not filing would cover the 'lost' from this case in two or three years (actual deposit in question never stated) - - some $15,200 in my 19yrs of no law suites.IMO, advocating an LLC as protection in this case is laughable. 

Some may ask why only $125k ARV, I'm pretty knew at this so I'm simply going off of what my realtor is telling me based on his knowledge of the market.)Plan would be to refi cash out and rent, clearing $240 monthly cash flow and approx $18k cash in hand.Here's the problem, the builder went bankrupt 3 years ago after building only 2 of the 16 slotted buildings.  

The only way to not pay a judgement is to go bankrupt.

You will end up bankrupt.

I’ve done a lot of things from being a bouncer to a haunted-house monster to a professional writer with a bunch of novels and novella including an Amazon #2 bestselling horror novel (you just can’t beat a new Stephen King book) before my publisher went bankrupt.

Of course, this doesn't protect us if the LLC goes bankrupt and the property gets foreclosed that way.

I get it.However, the one thing I've never heard is how exactly you go about paying these cards back before the introductory period runs out and the accumulated interest bankrupts you.The only option I can figure is that you (hope to) refinance your cash out and pay back the cards(?).

In the 1930's BofA nearly went bankrupt because they failed to see the US downturn coming.

what are you going to do if or when your heloc is called .. remember helocs are not fixed term financing they are en extension of credit and can be frozen or called at the discretion of the lender.now if you have a hundred grand in cash sitting in the bank and can easily pay it off that's one thing.but these exact scenarios is what bankrupt untold thousands and thousands of investors when the market turned to the worst or they had extended tenant issues.100% leverage for 3600 a year potential gain to me if far to much risk.