I check the state site for the finance dept, probably over the RE commission and it seems the state laws are under construction!

After chatting with a neighbor of the house, discovered that a couple of squatters are occupying the property and have been living with utilities turned off.With the tenant laws in California, is this property even worth pursuing?

Here up north, where it's a bit colder, the law requires landlords to heat to 68 degrees F if landlord supplies heat.

He told me that there is a new law that may prevent them from doing this refinance because it is under 5 units.

I just did not want to violate any kind of law.

I have roughly 5 years of formal work experience with different aspects of default real estate, although most of it is with paralegal style work, as I was at a default-based law firm and now am working at a bank in different servicing aspects of foreclosure (residential).Investing in default properties has always interested me, so I may begin there, but I'm here at BP to learn as much as possible to make my first deal a successful one.

The tax sale would wipe out any lease (I presume - depends on state law).

the 2% rule.... it is not 2% rule of law, it is 2% rule of thumb.

It will be local laws and regulations.

Bob never has the knowledge that agent z was an owner in the LLC and b/c of agent z's advice to take the offer bob took under market value for his property) A scenario like this is totally against license law.