Private lending and flipping are covered extensively throughout the forums/blogs, so you certainly came to the right place to learn.What part of SoCal are you located/interested in?

As to consumers, any extension of credit credit to a consumer requires a license, you can find the scoop on the CFPB web site ad in the definitions of the Dodd-Frank Act as amended. 

I've been in extensive contact with the seller and the property manager, but now we're beginning to get overwhelmed thinking about ALL THE DETAILS before we put in an offer or close.  

I love to travel and have traveled extensively around the world - I've been to four continents and countless countries, I've climbed waterfalls (yes, that means going up against the water), kayaked with whales, and successfully avoided a police search party in Colombia (what happens in Colombia, stays in Colombia). 

Looking to find an escrow company in NJ who have extensive experience with creative real estate transactions.

The partners and myself have extensive construction, law, and insurance backgrounds so we will also be doing some flip projects.  

Visit your bank, or another bank and ask about small business classes that touch on "use of funds" management, they can be helpful or point you to a class in your area, generally these are free to attend, check the Chamber of Commerce too.Basic business finance is simply an extension of personal finance, it doesn't have to be complicated. 

@James DeRoest  to your point I have two good friends in Oregon that went this route against my pleading with them not to .. as I have extensive experience in those markets and with the asset class.. and they did not.one sold a fantastic 60 unit at a 5 cap which is what multi trades for here in PDX these are B's  and bought C class 300 units in Oaklahoma city.. not 8 months later she called me in a panic and wanted to have coffee.. they were ready to lose the building...

You may go on extension depending on how bad the mess really is.If your tax preparer offers it, take him or her up on a tax appointment in the fall.  

Based on the extensive cost, we backed out of the sale before having any money invested.Thanks again BP!