@Bill Hampton I am not trying to avoid taxes, but I am certain that California will charge fees for stuff like maintaining registration for an LLC or storing records for the entities and those fees might be different for different types of entities.

Dunn no problem, I geek out on this stuff so here are a few other thoughts I had this morning.Google Maps tells me that Mt Vernon is about 4 hours from Nashville, 3 hours from Louisville, 3 hours from Indianapolis, and a little over 1 hour from St.

Rehabbed or not, stuff doesn’t break that often and when it does it’s often not nearly as expensive to fix as you might think.

You can write all the stuff in a contract you want but at some point all you are doing is forcing them to violate it somewhere or forcing them out causing vacancy and a never ending search for the perfect tenant.

I got a bid from our contractor who we know knows his stuff and all in all we would have to spend about 155k to get everything updated, cosmetically, structurally and save the property.

I once bought a pre-foreclosure where I really felt for the seller, I gave them a seller carryback note and stored a bunch of their stuff when I didn't have to.

i am close to you, so we can have lunch and talk about the stuff you do. flagstar offers 5-10 loans, dont jump into private money yet.pm me for a contact.

Just stuff. 

Check out the podcasts and forums...so much great stuff on here!

I've read the basic articles about foreclosures and it sounds like all the juicy stuff is happening at the county clerk's office.