Tenants know that they can skip paying the rent for months with little risk of being evicted; the incentive to pay the rent in California (and places with similar anti-landlord legislation) is very weak.

@Stan Hrincevich I've seen your anti-HOA posts previously and frequently it seems your argument is more with the PM than the HOA itself.

How anti- climatic !

If the press gets hold of a story that spins you as anti veterans, you will have a hard time doing business there.

Buyer isn't FHA in this case so anti-flipping shouldn't be a problem on that end.  

Rod,, As for anti wholesaling being a commie plot of the RE brokers can't agree with that one..

Could be good advice, but there's a lot more to consider when making such a decision, obviously.So is this anti-real estate mentality a result of lack of understanding, or seeing other clients' lack of success in REI?

If it was me personally, I would go the same route as @Walker Seid however I am very anti-401k's so my opinion may be biased!

Incidentally;  a substantial part of my anti pet stance is that I ate, hate, HATE the smell of dog and cat poop and pee.

A New Beginning in Government Control The Financial Crimes Enforcement Network, known as “FinCEN,” has required nonbank mortgage lenders and originators to implement an Anti-Money Laundering program (“AML Program”) and file Suspicious Activity Reports (“SARs”) for certain loan transactions. § FinCEN is establishing this AML program in accordance with the Bank Secrecy Act (“BSA”) § The guidelines relating to the AML requirement become effective on April 16, 2012, and the AML Program’s effective compliance date is August 13, 2012. § The AML program and SAR filing regulations are considered to be “the first step in an incremental approach to implementation of regulations for the broad loan or finance company category of financial institutions.” 4 § The Bank Secrecy Act defines the term "financial institution" to include, in part, a loan or finance company.