I suggest you have your attorney review any waiver as to accepting title so that it does not include any release of future liability of the bank in the event the HOA performs, that may be difficult.

It will only become more difficult to convince yourself to work to your abilities when you don't enjoy or need that current maintenance job.

That seems like it would be a very difficult endeavor.I'm sure the answer to succeeding in So Cal has something to do with lots of hard work, patience, and experience, as it is with most things.

However, difficult concepts, particularly those in the creative financing realm, to focus it on RE, require my hands-on.

They could cancel their permits Contractors talk to each other , we see each other at the supply houses , home depot etc ,word could get out that you dont pay your bills, that you are difficult to work for , costing you more on future projects .I am not saying who is right or wrong , BUT It may be easier and cheaper in the long run to settle with him and complete the project .

You will be eligible to deduct up to 25k this year and depreciate the rest over 5 years if it is 100% business use.As always a solo 401k is a great investment as can be a Defined Benefit Plan (aka Pension) contribution if profit will allow it.Without knowing the exact nature of your business and cash flow it makes it difficult to make suggestions.

(I would not, for example, rent to someone like myself, and it's actually a fear of mine that I would have a difficult time renting if I ever sold my house.)

IMO, worst case is you're bankrupt and tossed out of business.If you borrowed money and lost investor money, pulled some substitution of collateral magic, failed to qualify borrowers, did OO properties, did 40 loans, had 12 past foreclosures.....well, you might be going to jail.With all of that thinking out loud; these issues will be difficult to prosecute at a local level, as much as I hate to agree with Joe Gore on anything, his constant posts about we have to wait and see is actually true.

I think this too is extremely helpful because trying to communicate your thoughts and ideas from your mind can be difficult especially to a GC or a sub.

If they are still in the foreclosure process, it would be a short sale which is difficult to wholesale.