Owner occupants selling are exempt from the SAFE Act licensing issues.

Form 982 was used to report the insolvency to the IRS. and exempt that income from any tax.

You may get TI with everything they find as exemptions, then clear up the existing liens and any claims when you sell with a warranty deed.

I obtained my Agents license (broker in colorado) to do fix and flips, but have had some medical/financial setbacks and am not in a position to wait six months or so for the cash flows of fix/flips.

California leads the world in new technology, medical research, and many other things.Many parts of Caifornia will always offer good investment potential.

Unless you are clearly exempt I'd suggest you have an originator do it, in fact, I'd suggest you have one do it anyway as the fee, IMO, would and certainly could be well worth it.Another point on rates too, before jacking up any rate you need to see if your state has a usury law for real estate, Missouri is 10%.

I would personally go the route of the VA in the event that Bob has unresolved legal issues plus while at the VA he can also get information on housing assistance and medical care.

Corporation entities seem to provide few benefits unless you're trying to take advantage of tax deductions for medical insurance or similar expenses.

We have a proposal on the ballot to limit leasing to 25% of the building (but with a hardship exemption), with the expressed purpose of preventing the complex from becoming unwarrantable for lending and preserve property values.

I'd see if they are under a doctor's care and require medication which might help everyone, if someone is willing to befriend them and hold hands.