I just wanted to reach out and get some of my thoughts and feelings off of my chest and let you all know that as scary as ripping away the safety cord may be, I am 100% committed to finding a way to creating the life of my dreams through real estate. 

@Justin R.Your CPA is being moderately conservative, and your QI is being extremely conservative.Nothing is wrong with either approach - as long as you knowingly choose the relative safety of a conservative approach over the financial benefits of a more aggressive approach. 

I will add another 15% to that bid for safety and if everything checks out, add two-three weeks on top of the time frame the lender gives you to close the lone and if you are comfortable taking the risk - go for it. 

Add a safety factor. 

All 3 options will return less % on your money than you could request by lending directly, but in return you get a degree of safety.

What is a Health Hazard Eviction?

We never considered this a bad thing because we could afford it (and have enough of a safety net to cover a market downturn) and knew that San Diego real estate has an excellent historical track record for appreciating over time.

therefore their mortgage was not wiped out by the Judicial Sale and the statute of limitations didn't Begin until they are notified.I've said it before buying property at Tax Sales is the most hazardous way to buy real estate.

I highly recommend them for anyone with good equity in their home, investor or not, to have that "safety net" available jic. 

I would also include provisions covering daily clean-up and protection of materials and contractor's tools, and adhering to all standards of safety as required by OSHA and state and local law.