I think that while a lot of our of state folks (no offense intended) tend to focus on the absolute prices in the Bay Area, reality is most San Jose zip codes are far from the most expensive parts of the Bay Area. 

they usually just paddle your butt first offense after that though it gets real. 

First offense in this state is kind of like a DUII its going to cost you 10 to 20k.. in legal and fines.. one of my main guys ( who by the way has made over 250k this half of year alone with me funding his deals) he got tagged for putting a sign in the yard on a house he did not own.. neighbor wanted the house knew he did not own it filed a complaint .. and having to go through the legal and all.. he just knows now he needed a capital partner.. ( ME  LOL ) … But as long as you have Guru's and all the others on BP preaching that its legal.. well there you go.. but 99% of the folks will never do what you do and actually call the state.. and they will get away with it up until one time someone files a complaint against them.Anyway that's my 2 cents. 

No offense, but this is why CPAs feed my law practice...You can file a general partnership (GP) or not.  

I have a couple of borrowers sitting in prison at this time for the exact same offense.

As I was mentioning to @Isaac Black he needs to stand by until the relief of Stay is lifted regarding the home because at that point he can negatiate a deal on the home and the  trustee can continue to auction the property if the loan is not reinstated or paid off.Sal, no offense but, You flip houses from San Diego.

No offense but your message is confusing since you talk about getting payments, but also about your note being stripped and worthless.To get stripped, they have to file a motion in the courts and have a judge sign off on it.

@Jim Kimmer Hopefully you will take this candid perspective without taking offense.  

I've positioned myself defensively and offensively with diversified streams of investment incomes with hopefully enough margin of safety to weather the next crisis whatever the cause.

Today, I think a statute can allow judicial foreclosure and quiet title in the same action and not be offensive to common law principles or violate constitutional due process.