It had a significant amount of arrears, was heading for foreclosure and was told by a "guru" that the borrower had no chance of filing for another bankruptcy, but they were able to. 

Once ownership is transferred via foreclosure the owner can file for eviction against any occupants including the previous owner. 

When that happens , I post a pay or quit notice on the door that rent is due , how much the late charge is and on the 5 th day if not paid I will file for eviction for non payment of rent .And that the security deposit is not a rent payment , but its for any damages and will be returned within 30 days if the house is in good shape . 

Short answer: Probably.If they aren't licensed and do work without filing permits, obtaining COs, etc., it will be challenging to resell the property for top dollar.If the properties need minor/cosmetic work that doesn't require a license, then you might be OK. 

A disregarded entity means that the entity does not file a Federal tax return. 

Good post.We use a competent SEC attorney that creates all our docs and does the state filings. 

Google them there is a lawsuit someone else filed from last year

Utah state law allows 60 days to protest the rule change and if 51% file a protest, the rules do not go into affect. 

That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

The benefit for these foreign investors, as you mentioned, is avoiding a US tax filing obligation.