2) Would you register an Arizona LLC to do business in California, transfer the lien to the LLC, then have the LLC's lawyer foreclose in the name of the LLC.

@Devin Cutler I've had lenders tell me the funds cannot be used for things like "business purposes", "educational uses", and "new property purchases".

A few things to keep in mind: the entire operation must be outsourced, and neither you nor your immediate family members can't be involved as you are considered "disqualified persons."

It turned out that the tenants did not ventilate the apartment while they did their living/business.

For example, can I simply let a friend borrow $25k & get paid back with some interest or is there some reporting & rules involved before engaging in such practices?

I am curious about this nature of the business as I build my REI business.

As with everyone in my business, I don't prepay anyone.  

Aside from RE (but business goals related) I'd like to do financial advising on a consulting basis, am currently getting my CFP, and have been pursuing financial independence for six years and hope to be FI within the next 3-5 years.I'd love a mastermind group that can discuss real estate and business/investing goals and progress, be inspired by others successes, and learn from one another.

PM teams should be adding incredible value to your overall business plan.

Hey, been in wholesale business for a little over a year, always looking for creative and efficient ways to build a buyer's and seller's list.