Was hoping for clarity and understanding.Can anyone suggest a proven, reputable firm or person that I can go to here in SoCal who I can consult with to advise me on how to properly structure a loan/note to do this owner carry on this Palm Desert condo?

Now, that said, would I loan money to someone who has already proven that they don't know know how to manage it...for example, someone close to foreclosure?

Many investors can recognize the opportunity and are taking advantage of it.

As ebay has proven, their is a market for everything.

They are very helpful and certainly reinforces the fact that this is a legitimate and proven strategy no matter how it's called.

Recognize the importance of tenant mix.

Sadly, that just hasn't proven to be true in my neck of the woods.

Guess I’ll go get with an agent and see all this data I am not supposed to see on private websites but as some have proven you can be a successful investor without a license.

Is there any advantage or disadvantage that comes to mind with structuring as a Series LLC. and being recognized by the state as an S-corp for tax purposes?

But, since the G20 summit and the continuous world exposure about Pittsburgh, including "America's Most Livable City" by Forbes, the #1 Commercial Real Estate Market in America in 2010 by Moody's Investor, and just recently recognized as 1 of 3 cities to fully recover from the recession, it's no longer our little secret.