My partner and I really don't want to cut 6% out of our profits.

In a preforeclosure sale you are simply accelerating this process.

Since it's CA real estate cutting corners on legal advice is not smart.all cash

The developer has decided to cut 15% off the original sales price and to give $50,000 cash back after closing for a 3 bedroom unit and $55,000 cash back after closing for a 4 bedroom unit.The 1st FOUR phases are completely sold out and have been fully operational for over a year with a 75% occupancy rate.

Who's going to cut the grass?

Also there were lots of cats and insdie cat damage and we had to clean and coat the tile with outdoor porch enamel to cut the smell.

The (one) general partner (that would be you in this case) doesthe managing of the business in return for a cut of theprofits (usually 20%) or a flat fee.There are laws that govern how and whom you maysolicit to be a limited partner, and those laws aregoverned by the SEC and are way more strict than anylaw you've seen that governs real estate.It's a big deal.

I tried to telll him about some really serious issues I'd had with that tenant, but he cut me off and said all he wanted to know was whether the rent had been paid or not.I felt sorry for whatever landlord was going to get stuck with that tenant because the screening service set such low standards.

Your best bet with this is to get ahold of the county tax property tax records department and simply ask them.

At some point the sprawl will be contained either through boundaries like Indian reservations (to the south of Phx) or simply too great of a distance from jobs to make people's commutes worthwhile -- which will jack up prices in places where people have already built, which means even more appreciation for home values.The big negative here is that these are cities in the desert, and if drought keeps going (a real possibility), then there might not be the natural resources there much longer that would sustain the population, which of course would mean people selling and moving out and losing a lot on their real estate investments.