Review your loan agreement for restrictions, and consult legal and tax professionals to ensure compliance and protect your interests.In C State, you can elect to file MMLLC as disregarded entity for tax reasons.

Some people were told to lie by more than 2x the actual income, even though the person didn't have a job and massive student loan debt.3) I looked into the proprietary network that has 29k members; it was quite odd how 99% of all message posts received 0 responses.

Odds are they will move before this happens . 

It will be work doing something you believe in with odds of success with the outcome.Any avenue takes work because the top 10% in any field that are very good at what they do tend to make the most money.

Even though there is a tenant there now, the association could restrict or limit renters there.

If I was the originator on this loan (loan officer, lender, or whatever title is used), I would have made this restriction very clear to my borrower if they had explained that they wanted to eventually use the property as a rental.

Just seems like an odd business practice to shovel everything under the rug.

The truth is, the odds of being successfully sued for more than your insurance will cover is ridiculously low.

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

if not, you might be restricted to more passive options.