See also http://en.wikipedia.org/wiki/David_LereahYes, the stock market collapsed, and internet stocks in particular, in 2001.

What in your opinion stops a non series LLC stat from "collaps[ing] the series structure and allow[ing] the plaintiff to get a judgment against the parent LLC" as another attorney has put it?

The earlier comment "skin in the game" is where the market lies today especially after the mortgage collapse of 08. 

When a lender lends to an entity for a commercial purpose (such as real estate investing, then the a lot of the income verification requirements from post-2007-collapse legislation like Dodd Frank melts away.

Within a couple days we were pouring a cement floor in the previously dirt basement and setting footings for 26 lally columns so the building wouldn't collapse.

That gap between the seller finance and this past April was filled with research, helping others buy homes, research, Licensed NYS Realtor, forming my llc, more research, a few seller financed deals for me, market collapse, children ( 2 amazing young men 5 & 7) and kinda only half wanting to get involved with being a landlord, did some rehab work, studied, love learning about real estate, wrote out several business plans, networked, kept my business alive, started coaching as a way to generate clients as an agent, withdrew from the daily grind of working for someone else all along the way.  

All this brings me to my next question.... since the housing market is collapsing and prices are going down and we are obviously in a period of inflation what's going to happen when the housing market stabilizes.

I can't say for sure I know where this requirement came from but I believe it was the new act that came in following the collapsed building and i think insurers are requiring it. 

Seems to me if you're an investor with lots of properties and if you survived this long after the collapse, you're doing something right!

A few years ago, when the market started to collapse, I found my niche in representing investors and offered them a discount listing opportunity for the sell.