They will be able to guide you in the right direction and tell you if your project is feasible or not.From there, we hire outside consultants to take the plan through the approval process.

If you have the POF to close on it all cash, you should be able to finance it with a hard money loan and give confidence to the seller that if the loan does not get approved you can still buy it with your own funds. 

This is not legal advice, please consult a lawyer.

You must pay legal fees, closing costs, commission, and hefty capital gains taxes.

Having all your financials, documentation, and pre-approvals in place allows you to act quickly when an opportunity arises.

A lot of forum members are experts in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, buy and hold investing, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.If you haven’t been to it already, the Bigger Pockets blog features links to their fantastic podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

if they are CA based there are a few ways to legally lend hard money.. 

Additionally, it gives you the flexibility to sell or lease the properties individually in the future.One potential downside is the costs associated with subdividing or creating separate LLCs, including legal fees, taxes, and administrative expenses.

The investigation is just about done and the findings will be forwarded to our Legal Section in Sacramento for further handling.

Without a rental license you legally are not allowed to collect rents.