At best, your rehabber buddy is confusing owner occupant purchase mortgages being non recourse, as per CA statutes.  

I almost made an exception for my good buddies at the IRS, but my attorney advised against it. 

A lot of the revenue that the city received was squandered by the local politicians and given to their special interests and developer buddies, there are lots of reports about this out there.

@Kyle Bigger  nice post your getting some incredible deals.. much more competitive over here in PDX were 20k profit is a nice day. as a little aside one of my best fishing buddies lives at Broken Top, and when he sold his golf course building business he got board..

But he did buddy-up with one, Mussolini.  

You don't want to be stuck in hard money any longer than you have to.I want to emphasize again that the cheapest hard money will not be a hard money lender... it'll be your "hard money battle buddy" that you take turns charging hard money rates/points to back and forth, because the points will be a wash if you ballpark take turns being each other's loan shark when needed.

Its better to just have buddies that have those car's. 5k tune ups are a drag. !! 

I have a couple buddies that farm/live in and around Mt.

His buddy that I have never met is drilling holes in the wall installing blinds.He says "Oh, meet my son and my dog, they will stay with me from time to time.

Hey Tyler thanks so much for the kind words and glad you are Rocking Buddy!