Wraparound mortgage or all-inclusive trust deed (AITD)Property is located in Los AngelesSales price 3,800,000Down payment 950KSeller will give Buyer AITD for 2,850,000Current loan 2MSeller carry 850K Interest only 5% No prepayment penaltyBalloon in 24 months

The workaround I need is I think some or all of them have small mortgages on them that the owner hasn't paid on and the mortgage company never foreclosed on.

But again, with the BRRRR strategy, you need to have enough equity to pull most or all of your money back out. 

Now, if they had communicated orally or by smoke signal . . . .

If you are worried about refinancing at the height of real estate value, perhaps you can look into having the refinanced equity available as a HELOC and you can use part or all of it only when needed.

Mom reports those interest payments she receives to the IRS.Children refinance the investment property with a conventional loan at 70-80% LTV, thus paying off most or all of their loan with mom.

If you try to remove the base, which if fingerjointed (paint grade) will break or some will break or all will break. 

@Mikhailangelo L. anybody telling you that you should do ALL this or ALL that is giving you some pretty lousy advice. 

"Close of Escrow shall be within ten (10) days following SELLER'S oral or written notification toBUYER and Escrow Holder that the home will be certified for occupancy by the City/County, currently estimated tobe on or about 8/26/2020.

It includes some or all of the following:-A quick bio about my experience level and the properties that I've owned in/around the neighborhood-Detailed list of renovations that were done and the licensed contractors that did them-Before and after pictures that are professional done-Highest comps that I can find, including other properties I have or do own-Other appraisals from similar properties that I own that I think will help the value-Lease on the property and/or comparable leases if applicable-A range of what I think the property is worth I cannot imagine ever having an appraisal done and not trying to provide these types of things for the appraiser.