Yes if she has MAXED out the Reverse Mortgage Loan Advances and the property value is < LESS than what she owes (primarily due to poor upkeep and ongoing maintenance) - she gets NO More MOOLA $$ from the lender but then they may have trouble getting their loaned MOOLA E$$ back in the future IF or WHEN that time comes for her to go to that great BIG escrow in the sky.

My favorite method: a chunk upfront, smaller chunks as they go, and the final 10-20% after the work is approved by you.

The rental profits from your own property will be schedule E (lower tax), the profits from your property management company will be schedule C (higher tax).

I have grown my AirBnb's into a handful Guest Favorites and rank in the top 5% and I'm always improving.

Quote from @German E.: Hi all, following up on AB 1033, there was a lot of interest on this law at the end of 2023 but it's been crickets since then.  

@Mike HernI bet you can go to your local grocery store and also find these types of deals like you can your favorite cereal.

My favorite is when you answer with the smartest advice for them and they say, "I asked you how to succeed, not how I am not going to."

this is a toughie. hard money specifically is equity-driven, meaning they'll likely want 40%+ down to even entertain the deal. additionally, land without improvements is often very inexpensive (relative to land with improvements), usually pushing below a threshold which makes sense for a hard money lender. if you're not intending to build right away, then i think you'll have the best luck with private money instead of hard money. usually higher leverages than hard money, and more negotiable terms.if you are intending to build on it pretty right away, a ground-up construction loan could work, but those will typically require some ground-up construction experience (on title on other ground-up deals), or an extensive portfolio of heavy rehabs/ rentals/ strong liquidity. those will give you acquisition monies (to buy the land) and build monies (to build the improvements).

(e) When any debtor or mortgagor conveys his interest in property subject to a mortgage prior to sale wherein they are released from liability for the debt, his right of redemption under this article is terminated.

Have good credit, 2 previous lenders who will vouch for me and can buy but trying to avoid tax hit for selling liquid assets.