As easy as this sounds, it's not simple and usually like pulling teeth.

other states dont give a rip but west coast these laws were put in 2007 to 2008.. and they have teeth. and they were enacted for the exact reason Anish speaks to.. people in foreclosure are in a lots of stress last they they need is someone with no experience trying to profit on the so called i am here to help you.. 

The bond issued by a CFD is considered a lien against a property and failure to pay the tax can quickly result in foreclosure since Mello-Roos districts are subject to accelerated foreclosure laws.Basically its double taxation.  

There are plenty of people looking to invest in storage rentals, campgrounds and short term vacation rentals.These people include IRA and Solo 401k investors wanting to diversify outside the stock and bond market.

He can cut his teeth really fast.If he's really motivated, partner with him to purchase a mobile home park or a self-storage facility that includes living quarters.

My personal opinion is to avoid "paper" assets such as stocks, bonds, mutual funds, ETFs, etc.

So, when AIG has to be bailed out so it can pay of on an insurance polity on a failed bond (i.e., a CDS - collateralized debt swap), the money will end up in the hands of the purchases of that bad debt.

Earlier this month, the company had tried to restructure Rouse bonds, but failed to get the necessary support."

If you come from California, or other expensive States, the numbers are attractive, and if all you want is passive income, it's better than bonds, and relatively risk free.

Real estate is one, but so are stocks, bonds, and cash accounts (i.e., savings bonds, CDs, etc.)