Alot of unknowns as you don't have the ability to walk the property beforehand, but interesting process, and pretty good deals exist there.While the Trustee Sales are cash purchases, there are many hard money options that can turn over the funds in time for the 24 hour funding required to complete the purchase.If you are interested, let me know and I can go into more detail, as well as make some other suggestions for you to consider. 

The asset was sold a couple years later and the operator gave all investors the option to exchange into a new acquisition or liquidate.

There are just too many options available to go directly to the supplier!

These solutions can make a huge difference, and the long-term option will really help set your STR up for success.

That's how I would propose it as an option next time.

Many good rental options in San Antonio/New Braunfels area.

Would a home equity loan be a viable option in this situation, especially in regards to eliminating some of the red tape I'm running into with a refinancing an scorp-owned property?

I’m new to all of this and looking at 401k loans and HELOC as options.

Quick search "MLS Only Broker California" gives you a couple of options.

For their three-year, 12% option they give an example of a $1M investment with the following preferred returns:- Without compounding: $360,328.77- With compounding: $431,237.45Taking 12% disbursements over 3 years on $1M would be $120,000 per year, or $360,000 over 3 years.