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.

Partnerships between a 401(k) and other investors, or plan-held entities that may be used for an activity with UBIT exposure may benefit from alternative elections.

That's probably your best bet for the refinance.Otherwise, there are long-term asset-based lenders as well, but they're going to be a bit more expensive.

This means you will likely be actively managing it yourself, or you will have a manager in place that will eat up a large portion of your revenue (payroll expense).