But is this not in a big way defrauding banks  lenders or property owners managers when they pull credit on this person. 

Though, this process will be the same for the other state (if you created a CA LLC you may need to register it as a foreign LLC in the state in which you are doing business/holding property).

I have decided to partner up with another investor to buy this property together.

This is how the rental income is reported on their personal tax return."

Hello BiggerPockets community,I was referred to this community by a local real estate investor in Colorado.

Purchase price: $90,000 Cash invested: $40,000 Sale price: $1,650 This 100+ year old, 3 bedroom home, is ready for new owners to bring it back to life.

For this dependable brain trust: Please help me in finding a RE lawyer/ expert on easements. 

Sounds like a great deal, maybe you should start asking for a profit share instead of just a interest rate

Purchase price: $90,000 Cash invested: $40,000 Sale price: $1,650 This 100+ year old, 3 bedroom home, is ready for new owners to bring it back to life.

Purchase price: $90,000 Cash invested: $40,000 Sale price: $1,650 This 100+ year old, 3 bedroom home, is ready for new owners to bring it back to life.