Visit Amazon or a book store and pick up books (plural) about the people mentioned by the others (above).

One of which we run located in Elk Grove, CA.

Fortunately, by visiting one of their worksites you can gauge the quality of their work and see how vigilant they are about keeping work areas clean.

A long time respected Southern California real estate market expert I saw talk a couple weeks ago said rents will drop, especially in apts and condos, as we're about to be flooded with the biggest supply of single family homes for rent over the next few years that we've ever seen.

Brian, I see you're asking from CA.

So, whether or not you have an LLC is irrelevant for the tax questions.In either case, you'll need a partnership return, then each of the partners will move their parts of the profits or losses to their personal returns.IIRC, CA charges an $800/year franchise fee for LLCs.I'd be DANG SURE I had a detailed, written document describing how the partnership would work before I did any deal with partners.

Does anybody out there know if you can buy property tax foreclosures in CA?

Does anybody out there know how to find out if a foreclosed property has any liens on it? Also GMAC holds the foreclosure and I would like to purchase directly from GMAC, can you do this and if so how does this work?...

I think he went to Las vegas or California.

Tyler - why can't a licensed broker in California do a sub 2 will full disclosure and acting as the principle and not the agent?