@THANG BUI I know CA is a unique place, but without the cashflow of property 2, how would your mom maintain a 900k property and the debt service on 605k on a 50k income? 

I have a unique tax situation that has come up since I started this thread so I'm having to go with a C corp.  

Your objective is to Lease Option the property for the amount owed on the mortgage and give the seller the debt relief they need.

The Bankruptcy Trustee Abandoned interest in the property in his final notes and left the case open for 30 days in case there were objections.

I have listened to almost all the podcasts, read RDPD, Millionaire RE Investor, and a few other investing / landlording books.My situation is a bit unique for several reasons.

Would love to see an image of the creative you used.One thing you can try with Direct Mail is using a unique campaign link as a call to action (ie.

With that objective in mind, I’m looking towards “nicer” properties, in hopes of minimizing some of the issues that seem to come with lower income tenants/parts of town.Over the last few weeks I’ve been crunching numbers on properties on the MLS, went and observed an auction at the courthouse, have been studying the amount rental homes have been renting for, and have been driving some of the neighborhoods I’m interested in buying in.

While we don't have (yet) the burial sites, we have a unique collection of 60's hippies that (still) love communism, and hate tech, progress (no idea why they are called "progressive") and success (especially landlord and real estate success roils their blood :)  Add to that an extremely incompetent Bored of Stupidvisors which has a nack for passing local rent control legislation that gets ruled unconstitutional in superior court.

Search Contract-For-Deed on BP, you'll see the issues, I'd  suggest you look up Subject-To as well, a better choice.It also helps if we define the type of "commercial" property we are talking about, multi-family is much different than office-warehouse or retail or industrial and each has unique requirements where having title may be more crucial in operations, such as regulatory compliance, zoning issues, construction matters and financing. :) 

The Power Brothers began acquiring and rehabbing these very old apartment buildings to create unique contemporary lofts.