I can then refinance it at 75% and get a new $400k loan, essentially getting any trapped money out. 

Depends on how much capital you're trapping to generate that return. 

This isn't helped by the fact that I'm temporarily trapped outside of the country due to COVID travel restrictions and are not on an easy time zone with SFO.

Also, you don’t need  $360k if the loan gets called; with a principal loan balance of $240k it would be more like $250k.Whether you do a wrap, sub to, or lease option when dealing with a owner occupant / consumer there are many legal “traps” to navigate because of consumer protection laws at a state level, and CFPB and Dodd Frank at the Federal level.  

Hey Christian, I am a born and raised Charlottean and having great success for my investors and I In the Submarkets of Charlotte.

We are close to the same age and there are some houses that have been sold over 8-10 times since we were born.

@Natalie JohnstoneI'm a former CA resident, born in the Bay now I'm in the Reno Tahoe, NV area. 

Apparently people at Networth think investors were born last night.

(And having such evidence - with the tenant’s knowledge of its existence - would likely make it unneeded.)Obviously, none of this is a legal requirement, but we all should share our best practices here - I was not born the perfect (looking) person I am today.

Born and raised in New York; I have been working for a contractor for a few years now and have owned my own exterior cleaning business for 4 years as well.