Acquisition: ARV: $210,000 Mortgage Payment (PITI, including solar, and AC): $1,600Existing Mortgage: $144,000 Arrears: $24,000Mechanics Lien: 3,500Solar Lien: $3,500Closing Costs: $3,500Repairs: $10,000My partner and I would come out of pocket $34,500 to bring him current on his payments then invest another $10,000 into touch up repairs.

@Brian Another option is a Delaware Statutory Trust.

Things could be painful, but you could likely weather the storm.If you do not have a significant w2 income surplus, then I would suggest de levering. 

After reading and youtubing I found out that a Delaware State Trust, or DST, is the best way to go. 

You CAN elect the de minimus which allows you to expense repairs under $2,500 however- the IRS is likely going to look at an ENTIRE bathroom repair as one large capital improvement.

As I was waiting to "de-plane" (a term that I've always thought was weird), I checked my cell phone to get flight updates on my connection - and the phone rang.

for what it's worth I contacted but below he said had a similar address but not exact. so asked for a hud a haven't heard back from him after I sent it this is the email that linzi de conte sent me after asking about oceanpointe info and who was on the closing.does this sound familiar to anyone just curious?

Hey folks,      My name is Ben and I currently reside in Delaware County Pa, right outside Philadelphia.

Because you live in California, I seriously recommend that you look into the Delaware statutory trust structure and have one set up before you buy your first property.

Hello,
My neighborhood has a lot of flips as well as new home construction going on. There is a home that was recently occupied up to a few months ago but since has been boarded up. I located the address of the owner...