@John Cannon  not sure who all those people are.. but you can do sub too on any property.. with any lender.. and any lender private or not has an alienation clause in their debt instrument so they can call the loan if its alienated.

Thinking it would take a good size crew to get it dried in ,in short order of predictable weather. 

You will be looking for a very narrow range of buyers that will like the touch, I predict.

Proper security instrument and note.  

If you have a family I predict it will likely be a disaster, if you are single it might be a little easier. 

As long as they are properly filled out, make the proper claims and are signed and notarized they are no different than having the original note.In this case, the LNA is more of an instrument of ownership than the governance of the debt.  

As far as Cali reaching peaks....UCLA forcasters predict for LA that we in are the 3rd year of a 12 year cycle, 7 years bull, 5 years bear.

Nobody can predict anything but seems SFR will have a dip in 2 to 3 years from now.

The Mortgage (or deed of trust in some states) is the legal instrument which secures the property as collateral for the loan.It is important to think of it in those terms as they have two different purposes.

The reality however is that in a complex adaptive system like the world's economy for you or I to pretend we can predict the future is to deceive ourselves.