I will have POA and will conduct a 80% cash out refi, which the loan proceeds will then be paid to the seller and the title would then finally be transferred to me. 

With a loan of say 350k, and paying property management, it should still provide net profit of about 4k to 7k a year in year 2.

This may border on mortgage fraud though if she gets a conventional loan knowing she intends to just hand you the title.What about a private lender that won’t make you sign personally?

These are all areas where home prices tend to be more volatile than other parts of the country.This is likely due to their relatively high loan-to-value ratios, and larger share of the market that is dominated by home flippers.

Was thinking of taking a Home Equity loan for the downpayment ( @ $100,000-150,000).

@Shak F. you wont be able to do a cash-out refinance with a conventional loan, since they require 12 months.

You verify the lender actually owns the loan and does not have any leverage elsewhere on it.3.

If it's in your name you can look into the potential for a HELOC or potentially refinance to pull out some of the equity you've created, but you'll need to do the math to see if you're payments will increase based on the new loan terms.

You could get a new loan for $150k.

Plus you can get 30 year loans instead of 5-7 year loans you would get on 5 units or more.