There are great apartment complexes for sale there that I saw a few months ago.

And the state supreme court just illegally invalidated the will of the voters. 

.), pertains to a mortgage-style process and necessitates the initiation of a standard civil action within the state court.

If you can buy a 16-unit complex or 4-quads which would you recommend and why?

. :-)There is such a low bar to entry into the field, and frankly it is an incredibly complex job (once again, to do it right) Heck, I even had a license (in Cali) back in the day.

This could be state dependent, but just illustrates some of the unnecessary complexity in a deal like this.

Yes, the court will look at all appropriate paperwork your attorney presents but they will also ask some pretty tough questions.

They show on your tax returns, and bank statements.There are many underwriting tools to expose private money ones that claim they don't report to the bureaus- they also sell and securitize the loans so what they told you on the phone is of no value, they get reported.All NonQM standard DSCR loans show on your credit report.DSCR gone bad shows online, in court records and in the curbside view (property appears distressed and attracts code violations/fire inspections and investigations...

Here is the summary if you are interested.In this case, the main question is when did the investor completed his start-up phase and became actively engaged in his business.Whether a taxpayer is engaged in a trade or business is determined using a facts and circumstances test under which courts have focused on the following three factors that indicate the existence of a trade or business: (1) whether the taxpayer undertook the activity intending to earn a profit; (2) whether the taxpayer is regularly and actively involved in the activity; and (3) whether the taxpayer's activity has actually commenced.

You might have to take them to court to prove it wrong.