(I avoid single member LLC ownership as I feel they are more vulnerable if they are simply an extension of yourself).However, if I didn't have the mortgage note fully documented & duly recorded etc the IRS auditor was reluctant to allow the expense.The later is also good practice if you are using the mortgage to strip the equity to protect the asset.

Court documents, or a call to the bank's REO department might get you to the person/persons to speak with concerning your interest in purchasing the asset.You may be able to purchase the note prior to foreclosure, or purchase directly from the bank post foreclosure.I worked for a California bank back in the RTC days and handled their REO portfolio in AZ.

BoA's foreclosure business -- Recontrust -- got kicked out of Washington State, and many others. http://www.bloomberg.com/news/2011-08-05/bofa-s-recontrust-unit-sued-by-washington-state-over-foreclosure-practices.htmlThere are houses that are literally rent ready, that have sat for 2-3 years...

If I made a deal to stretch out the deposit it would be documented in my lease and I would not offer up any other graces to my tenant, especially this early in the relationship!

Check the BP file place under documents, plenty of contracts there.

In essence, this person makes sure you have a "BRE compliant file" as there are certain documents required when you buy or sell a property in CA and are a licensed agent.

Getting the judgment is pretty straight-forward if you have good documentation.

I would assume once a good deal is found send an e-mail blast out to all investor/partners that may be interested, then upon acceptance of deal from partner send all info. to my attorney to have all documentation drafted.

Don't label it a "pet deposit", as you will need to document it was the pet that caused the damage.

They still personally own a lot of the funky loans from before the market crash, such as stated income loans, as Fannie Mae and Freddie Mac will not purchase them.Like Ed said, if you're providing full loan documentation and a solid downpayment.. your loan most likely fits Fannie Mae/Freddie Mac standards, and will eventually get sold to them.