Most states have similar statutes but usually cap out at around 250k.  

Send it today as Michigan statutes require a MINIMUM of 30 days notice that must cover at least one rental payment period (typically a calendar month), not any other 30-day period.

You need to know the statutes of the state.The investment risk?

In Florida, I believe Florida Statute 475.43 is an attempt to prohibit wholesaling.Statutes & Constitution :View Statutes : Online Sunshine (state.fl.us)

Negotiating the debts 40-45 cents on the dollar and also trying to settle with a "pay for delete" account.You also have to look at your states statute of limitations on your derogatory collections time frame to be on credit.

Google the tax deed statutes for your state, and whatever local govt site does the tax deed auctions may have some basic cautionary info on their site.

That means the heirs can have it set aside, but by statute they must pay you taxes and interest in order to do that. 

https://www.ftc.gov/legal-library/browse/statutes/fair-credi...

LLCs and LPs structure and form have two distinct sections of statute in NC.And given that "every CPA I talk to tells me the same thing" I conclude that these entity structures (LLCs, LPs) in CA are radically different than the 49 other states.

@Brandon Sturgill Thank you for the link, the goal would be to start growing a rental portfolio but I will ensure I'm in accordance with any local statutes.