Contacting a borrower as a 'workout specialist' and engaging in a conversation around the idea of relief creates a laundry list of violations.

@Alan Charles They may have some tax relief programs in your city.

In this situation if I bought this as the lien holder could I apply for relief on behalf of the borrower??

If you are lacking funds to continue your real estate journey, what cost segregation can do for you is give you a relief from paying taxes you would have normally had to pay for a while.

So here I am, doing my thing networking a little, screening voicemails and making calls...when it hits me...where is the relief??

By the time I get to the point of evicting, it's a huge relief to have it done and the problem tenant out of my hair forever!

Unfortunately no relief if 10-31 exchanging out of state.

Sweet Relief!

It depends on if a chapter 7 which if approved would clear it out or if a chapter 13 you would need to approve as a creditor the re-payment plan. 90% roughly of 13 filings fall out and never finish to discharge so then you collect again after the relief of stay.You have an attorney.

@Shawn RegnierSounds like you have done your research, and are planning on forming a legal corporation and making an S election for tax purposes.A reminder, remember to file your S election within applicable time limits (there is relief for late filing but reasonable cause is required), and also to pay out 'reasonable compensation'.California recognizes the federal S election so no separate state S election is required.Another note, reasonable comp is not plucked out of the air, or applied at a general percentage level, but determined according both your businesses and your facts and circumstances.