Your family might like a passive income, so they could have an LLC and that LLC could be a member of the property owing LLC, where they lend the money and take no active management role, see your tax guy, there are a few here who may chime in.

Josh, if your role is merely as buyer, I'd focus on the deal at hand.

In addition to misunderstanding the borrower's role and involvement in a loan sale or the determination of a loan sale, the loan sale does not stop, halt or cure any enforcement of the remedies in the security instrument and note.

Anthony Boston - one of the best learning exercises you can do is to make a plan.

Glad you are taking an active role.

just quick follow up dean. i noticed you are from CA. that is a tax deed state. there wont be any properties with tax liens. you will need to county your county tax collector or equivalent and get the tax role list or properties subject to tax sales. when you get the list market to those owners. in CA the properties go right to deeding. therefore, if a property does make it to the sale the owner is going to lose it.

I've been receiving requests for colleagues who would like to work with me but don't have the experience, so I consider that to be me the mentor, which I take that role to be very important !

That could be a $10k fix if it needs replaced.Another good exercise to 'practice' walking away from the deal emotionally.

Texts generally include: putting out "fires", additional business systems to create/implement (marketing, buying, personnel, etc), my daily "power hour" (affirmations, exercise, viatmins, weekly goal review, etc), inputting reminders and calendar events/obligations, things to remember, ideas/inventions/systems to organize, book suggests, shopping items, daily tasks, phone calls to return, etc, etc.

However, that shouldn't excuse you from getting involved and taking a more active role.