Green Card Holders: If the investor is a permanent legal resident, they are taxed as a citizen (with some exceptions relating to giving up the green card and leaving the US)2.

After that amount of time, the lien holder can usually start the process to have the deed go to auction, where the property itself will be sold and your lien paid off.The process and recourse is different for each county/municipality, so it might be worth a trip to the tax assessor's office to take someone to lunch.Even if you never get the property at auction, there may not be many buyers there and you can get a decent return on buying the liens.The other angle is to try to contact these potentially distressed property owners to buy their properties and pay off any liens.

Wholesaling in So Cal today is difficult due to the high competition for deals by both rehabbers, buy and holder speculators, and wholesalers.

Also, would the quitclaim deed allow me some leverage to negotiate a deal with the lien holder for a short sale.

Waive app fee and Security Deposits and you're sure to get a tenant, just don't freak out when they trash your property.Another S8 challenge for landlords is fewer & fewer voucher holders have 100% of their rent paid by S8.

@Bob Malecki  is the mini maranda   " we are debt collectors and we are attempting to collect a debt"when I looked at some bigger tapes.. the sellers would only sell to those that were licensed servicers.. although of course not my core business I just kind of left it at that.on the private side of course we do all our own.. and just use a collection service for tax reporting for the borrower and note holder... as we don't have defaults.. or let me say they are rare.

As a limited partner you are an equity holder.

Shorting the first would be easier because the second lien holder (you!)

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This is why real estate agents don't carry their MLO licenses simultaneous to their realtor license and visa versa.