I'm sure there's a law that can be easily referenced in the CA Civil code or some other legislation that tells me why I can't do that... but basically the question is this:If I buy a property, distressed or otherwise, and it has a tenant in it that can provide a valid lease at market rate, I am under the impression that I have to honor that lease regardless of its terms or duration.

Our vast audience is compromised of real estate investors, agents, lenders, bankers, legislators, homeowners, renters, and other real estate professionals and service people.The site gets hundreds of thousands of unique visitors a month (currently close to 350,000), and we're continuing to grow at a great pace.

One of my dear friends is very friendly with the folks that got the crowdfunding legislation pushed through.

Think of the land trust saying yes, I own the property but it is "In care of: John Doe""Illinois Land TrustIn Illinois, and in five other states, legislation has been enacted that creates a special type of trust, commonly referred to as an "Illinois Land Trust".

There's one line I'm a little uncertain about...

In CA, I'm not sure you can go over 1.5X one month's rent for the deposit, but that could be my antiquated recollection of RE training talking as opposed to actual legislation.

If their credit reports check out and don't have any flags, I may meet with them and go over the Lease Agreement.The only thing that I'm a little uncertain about, is the payroll receipts that she sent me... they look like they were typed on a typewriter or something, though every document is identical to the others in format.

I don't know the response rate but it's probably lower than that of the "former Nigerian Oil Minister's" emails, lol.Ryan, come on, we've got the best legislators money can buy.

- If similar legislation was inacted in the state in which you do business, how would this effect your business & profits?

The legislation would be retroactive to Jan. 1, sparing many of those who lost their homes to foreclosure this year from a surprise tax bill if their mortgage was canceled.