Another downside is you loose on the advantages, of the Federal Tax Code, by not closing in the name of a LLC.

Personally I will only rent yo someone with a government voucher in the very low end neighborhoods. 

I haven't invested in any properties outside of CA but I am looking at states with no income tax such as Texas and nevada. 1. no income tax means I pay tax for only CA state tax and federal tax.

The term "material amendment" as used herein shall be defined to mean additions or amendments to provisions of these Bylaws which-establish, provide for govern, or regulate any of the following:  (a) voting; (b) assessments, assessment liens, or subordination of such liens; (c) reserves for maintenance, repair and replacement of Common Elements; (d) insurance or fidelity bonds; (e) rights to use of the Common Elements; (f) responsibility for maintenance repair of the several portions of the Property; (g) expansion or contraction of the Property, or the addition, annexation or withdrawal of property to or from the Property; (h) boundaries of any Unit; (i) the interests in the Common Elements:

The GAO is not a court....It is a federal administrative agency.

I called my local government about a condemned property and the inspector for that area of the city was tremendously helpful.

But for federal 1031 purposes if there's three then there's got to be at least two different tax payers. 

Pool multiple “lenders” into this loan and that could be a problem with securities laws and/or other state laws governing lending. 

You might be seeing the results from bad local government policies.

If the government takes 10% of your 401k cash advance, remember you can make 10% year after year!