Many years ago I coined the term "pre-probate" for real estate investors to understand that probate is (for the buyer) a title problem.If you are contracting to buy the asset, CA laws provide for a summary probate for a gross estate date of death value under $150K.

It's a valuable asset you will have the rest of your life.A formal education will also teach you how to think differently. 

p=6876Acquiring assets before full foreclosure has been initiated is the focus of many wholesalers and flippers.

So I'm asset rich and cash poor. 

@Hattie DizmondThere are no restrictions on how long you have to hold a HUD property that was contacted as an investorWhich Asset Manager were you able to get to allow an assignment and removal of your name on a HUD contract ?

It may go that way if your partner qualifies for the whole thing on their own, reserve assets, tax returns and management. 

If you set up and operate your LLC properly, you cannot be personally sued by a tenant, and you cannot lose any personal assets.  

So I'm just trying to figure out should I use my own assets  (cash) to buy my next or use my first as leverage.  

Lines of credit used to buy assets are the best form of money in existence.

But as I opened with, for a stabilized asset (core or core plus), cap rates are a good measure of risk.