I've read some say not to to accept rent with "credits" towards the purchase price because the court may say they already had an interest in the house because of the payments.One RE attorney I talked to said the CA Realtor forms are sufficient too. 

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

I have been reading and utilizing Bigger Pockets now for about a year but have never taken the time to jump into the forums.

A friend is looking to purchase a vacant lot for around 10k however it has over 150k worth of liens City of NMB code enforcement (the liens   were placed on a bulk of lots since the previous owner never kept up the lots).From what we read in the title report the actual liens pertaining to the property is only around 6k however the "bulk" lien placed on all vacant lots is around 150k.Anyone ever deal with this before?

@Mike CumbieI learn so much I didn't know from an agent's perspective every time I read one of your posts.

However, I also have read about wholesaling and went to a seminar on it.

After reading through some of the dialogue, it is inspiring to here the basis of the machine you have running for this business.

I said this, because I think I read in some place that when you are new or is your first property it is very hard to get a mortgage on an LLC, so it is easier to buy the property under my name, and after that make the transfer to an LLC. 

The most important things an owner/rehabbed can do to protect themselves are:Hire legit contractorsPay attention to any notices you receive from subs/suppliers.Require lien releases from subs and suppliers who have filed notices, with each progress payment, and talk to them direct.File your Notice Of Commencement as required.....if you don’t do this you extend the time periods specified in the lien laws process.Do some educational reading, FL Statutes chapter 713

I keep readIng MultI-famIly Is where the money is.