You would need to let them know you are 2nd lender and want to pay the loan off.

The loan is 12 months, pulls twice a month, the interest is minimal because I'm paying it off so fast. 

Or subs or property managers who run off the rails. 

Here are my top 5 tips for starting the new year off right!

Of course, all channels can work.. from seller financing to foreclosures.. but from my 30+ years in real estate, I’ve found focusing on cash flow analysis tends to pay off more reliably.So here’s the big question that might help steer your next steps.. what do you think would make landlording less stressful for you.. a property manager, or maybe a smaller property until you get more comfortable?

He buys a house for $500K and you pay it off. 

As you know its near impossible to find a good cash flowing deal in CA due to sale price, taxes and lack of inventory.Last one I closed on was over off of Germantown Road it was a great 2 unit that needed a little TLC for $160K but passed an inspection and was livable.

Tax free money is huge.I may have 100k of instant equity so I don't care about about tax write offs.

Off-market property is the best option for fix and flip, but since you are planning to live and flip, some on-market properties would also work.

Keep the wood (or sheetrock if you choose) an inch or two off the floor to not wick water.