But very risky, not recommended.Best bet is to find a partner who can back the money.

There are pros/cons for doing so.You transferred items that may be considered passive to active income.

In either case, my opinion is that much police activity suggests that this is not a class C area.

My best bet is that he's fell too far behind with payments with them so the house fell into Pre-Foreclosure.

Definitely stay active in the forums and welcome to BP!

Best of luck and keep active in the forums!

Elizabeth,Sorry I'm not very active on BP, but if you still been help I'm happy to offer whatever assistance that I can.  

It is an older meet up link but these guys are usually active or recently active. 

It features the AC Aquarium, great views of both bay and sea, fishing, charter boats and other activities.

@John Franczyk on the tax front, there is no expense you cant write off, or business tax benefit that cant be taken weather you are an LLC or a sole proprietor historically, its all pass through anyway, for example if you have a HELOC on your personal home, and use the money for business purposes, the interest and expenses are deductible as a  business expense. at the end of the day it makes no difference, unless you are avoiding  SE and filing as an S-Corp, but thats for active income, not passive.