Below are the details:A typical lender might say:I will loan 60% of ARV (appraised repaired value), with 5 points, 500 in document fees and a 6 month interest only balloon payment loan at 10%.To translate on a deal that appraises at $200,000:They will loan you up to 60% ($120,000).

I don't see that translating to the working class for the next couple of years.

Now we are all left at the alter.

People don't pay attention, maybe those that have pets could translate for them!

This is from the the CSLB website       "According to the California Building Standards Code, no building or structure may be erected, constructed, enlarged, altered, repaired, moved, improved, removed, converted or demolished unless a separate permit for each building or structure has first been obtained from the building official."

As far as business goes in the LLC vs S Corp vs leave in personal name question I am probably thinking of going the S Corp route since it is noted on here in some posts that some courts are piercing the LLC protections as they are considering it an alter-ego of the person.My question...is that possible with an S Corp, especially if you are sole owner of the stock?  

just notes and investments of a  short term nature.. plus a building business which really does not count.. its building houses and selling them.. or kind of like flipping .. not really investing.. its a business that goes with the market cycles I was going to make a pithy comment on this one but I'll let it go since humor doesn't always translate well on the web.  

It's an investment towards your REI "career", which would translate into reduced risk in future investments.

I am building my work to help communities thrive from various life altering events that threaten their safety and ability to get on their feet.  

Not met a lawyer who didn't know what "subject-to" meant, but if you say "sandwich lease" that's a guru RE term, you need to translate in conventional RE terms, it's "sub-letting" they should understand that.