You would need to file a proof of claim for the monies owed and hope you secured it by a deed of trust.

I started wholesaling and learned people like to work with verbal communications and no one had an interest to want to put any type of co wholesale of joint venture agreement together.

I know one option is to wade into the waters of private funding.

I live in California, I am new to real estate and am looking to do some out-of-state investing mostly for cash flow. 

Hi all,Has anyone leased their units to companies providing services to sober living or elderly care services?

They're practically giving them away compared to 2021 prices.

Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.

And if there is a smart way to approach this, I would like to know about it.

Expect in most of these areas homes built 2010 or older on average, with many solid options built before 2000.

If you had a locked door or no access to that area that would typically suffice.