The reason you might want to put the property into an LLC is for asset protection (not, as is implied elsewhere in the replies, to evade personal responsibility for the loan).

However, I asked Chat GPT this question and it told me 'No'Obligatory apology for the long post but I felt the details were particularly important to understanding the context and nature of my confusion.Multiple counties reference section 3712 of the CA Revenue and Taxation Code to state that "The deed conveys title to the purchaser free from allencumbrances of any kind existing before the sale, except..." and then goes on to list multiple exceptions that appear to all be related to governmental and/or taxing authorities but I don't see anything that seems to imply anything about mortgages being included as an exception.Additionally, Ted Thomas' page (https://tedthomas.com/is-calif...) states "IS CALIFORNIA A TAX DEED STATE?

If your protection is “limited” as the title implies with LLC, (Limited Liability Company) and CA is a horrible state for litigation and taxes, and judges give very little respect to elaborate asset protection schemes to protect debtors (you), what option do you have?

Marie, that's not what I was implying, however there are traits or conduct of an individual that are of interest to law enforcement, maybe seeing a cat or dog that had been burned to death in your tenants trash might not trip everyone's trigger, but I'd let the authorities know.

Thanks Josh, I tried giving you a vote but it didn't take, lol.You may have mentioned that before and it didn't sink in with me or others, so we are looking at this in the wrong light.Maybe you should simply call it something else other than "influence" since that implies a degree of influence gained by the information posted, it is a reasonable assumption based on comments in this thread.Maybe something like BP Score, Site Contributor Score....something that makes it a little clearer that it doesn't reflect the quality of advice by that member.Other suggestions????

What is weird about this argument is that there is an implication that if you use bandit signs that somehow doing so implies that you’re an unworthy investor.Personally I have never used them; I have bought houses because of them.

You want to give the "implied appearence" something is at issue so they call you (not that you want to buy their house).

Again, I didn't even intended to imply that CD's and savings account are good investments.

Doesn't having a correct direction imply that a specific goal exists?

Also, don't charge monthly "pet rent" because that implies the rent will go down if they get rid of the pet.