Shortly after doing so, my ERISA attorney made me aware of some investigations that the IRS and DOL were initiating into these types of products, and there was concern about whether they were legal or not.

And notice is legally required anyway, usually 30 days.If everything is paid up I shouldn't think you'd have any problem, only cooperation.

While the CPA is providing advice from a tax perspective, he won't know the legal implications of setting up a specific business entity.

If so then any amounts owed under that lien, including back dues, late fees, legal fees etc would all be satisfied by the auction proceeds.

I don't know if it is legal for them to do so or not in California, but it seems like an actual concern here.

Legal Description of Subject PropertyI think the rest you guys can figure out for the notary and entity designation.

Is it entirely legal?

If 48 hours has expired since posting, that means legally posession has returned to you.

How can I rent it out for her (legally) and pay all taxes, utilities etc., get rent in my account (?)

Are you going to get the basement unit legalized, or did you really buy a duplex?