Lots of inaccurate and incorrect advice here.

Then, when I started looking at the numbers, I realized that I was handling CA real estate investing incorrectly.

Nope, your assumption is incorrect, it's like any other deal, solve the problems of the seller and you get a deal. :)Gurus....probate as a niche, LOL :)

If this were swapping out fixtures and updating finishes I can see the temptation to just make the repairs as a property owner but what you describe is a much more complicated project and if done incorrectly without permits you could be opening yourself up to future problems.

Bill -You're absolutely correct, and I should have added more detail around what I was saying; as I said it above, it was misleading/incorrect (I can admit when I'm wrong :)...According to the Georgia Residential Mortgage Act (Article 13), attorneys are exempted from having to be licensed under the condition that they are not compensated by the lender or a mortgage broker for their services.

It must be due to the deficiency judgment, or realtytrac could have the incorrect info.I went to the courthouse yesterday and searched the county records on the proper address of the property, as well as every possible misspelling of the owners' names.

Or am I looking at in incorrectly.  

Don't shoot the messenger.ConclusionIf you go back now and re-read the sponsor's description of the tax rules for syndications, can you find anything incorrect?

(I'm glad you're not getting a free one offline ... that always worries me as they tend to be incorrect)Tenant Application - Online tools for this are very good.

Well sorry but that is 100% incorrect, you can't get hurt jumping out of a basement window :)I picked up 7, all about 80k each, all with values of about 115- 125k, all with 1100- 1400 in rent, MUCH safer than paying a mill for a house that two years ago was 600k,,,,,,,,,,,AGAIN, I am not just writing nonsense.