If this land is in CA, you must first understand how title is held.

Sometimes the QCD coming back to the former owner, now lender is held in escrow by an attorney or title company, other times is is held by the lender.

The first one I have held for 7 years and it had a slight negative cash flow, over all it was about $100 per month in the red.

I'm looking at a deal where the home owner might hold a second. I need a mortgage company that will allow this. Does any one do this? Southeast Wisconsin

Both relinquished and acquired properties must be held in the SAME NAME.I've found it very difficult to hold properties in partnerships because no matter how congruent your goals may be in the beginning, things change.all cash

I invest in other poker players.When I play in bigger poker tournaments good players will routinely trade 5-10% of each other and if one player wins they give the other player the agreed %.

How can they be tracked down so they can be sued and held responsible?

If you are thinking of leasing to them I would really research all of their rights as a tenant, I think they are different and you as a landlord are held to different responsibilities which may break into your profit.

(See my recent post about this).The Background on the Active Real Estate Exception:Rental real estate, in many cases, is held to provide financial security to individuals with moderate incomes.

You will be held responsible and fined for your tenant's behavior.