I'm not planning on moving to california,there's an amazing rental market here, and i'm planning on building assets after I'm able to get some cash from wholesaling.

The properties are listed with REO brokers through an asset manager that works through the lender.

Warren is just sitting on the sidelines, waiting to scoop up assets for pennies on the dollar.

My advice is to take the note and keep an eye on inflation, if you see inflation gearing up, sell the note and move it into any hard asset as a hedge.

If you're going to be in business, then I would start a LLC for a variety of reasons (asset protection being a big reason).

You will know what you need to do to convert it, and it could also get the housing authority out to the property that day or the next, which will put more pressure on the seller.This is why it's good to always stay legal with your rentals.

If someone sues you, they can try to get assets from an LLC where you are a member.

Haven't heard of insurance to deal with the lawsuit, but if your contract allows for a lawsuit, and it looks like the buyer has recoverable assets, you should be able to find a lawyer to take the case on contingency.

If the reason is legitimate and not something made up to hide assets just have them disclose it in there hardship letter.

So if you have any questions, pm me or post it here and I'll be more than happy to answer it for you.One last tip, link back to your blog by commenting on authority sites such as biggerpockets.com and your site will be indexed into Google even faster.