Tell them it can be fixed, but the odds of matching the grout don't outweigh the strength of the current one.

The immigrants in CA are contributing immensely to the state's GDP, and I don't see how that contribution is being outweighed by their contribution to the debt?

If you're starting off smaller with your own personal money making only and small notes the cost of setting up and maintaining one of those entities may outweigh any tax advantage you would see.

If you have either passive or capital losses in a given year (because your deductions outweigh your income), those losses can be carried forward to subsequent years to reduce future tax liability.

The deal would certaintly have to out weigh the risk.

This is non-trivial, but is likely largely outweighed by the spread between the fixed-rate and the ARM start rate.

Or does the lender in the second position have some say on the selling price.Also, concerning the tax burden for the forgiven debt wouldn't IRS form 982 help alleviate some of that obligation if the sellers liabilities outweigh their assets (which I am very sure they do)?

The extra hassle and cost easily outweighs the benefit of having the rental occupied immediately.Did I mention the point about screening the tenents ?

I have to think supply will outweigh demand as the boomers being to pass the inventory down.

Either way, just the time spent suing them will outweigh any judgement you receive.