I dont but doing a quiet title is not a complicated task for any decent RE BIZZ attorney. there is a title company that will insure tax deeds you can google them. its not the greatest and many lenders wont rely on it.. but u can use it to sell to another party if they are not getting a loan..

If there are, sell them and repurpose the money into that new market.

Typically there are no prepayment penalties on hard money loans, so you can limit your holding cost if you're able to quickly complete the project and sell or refinance in a few months. 

I will create 6 residential lots that I will be able to sell off and then, ideally, own the remaining property free and clear or close to.

Each unit costs about $250k between land and structure and sells for $330-350k.  

Could I fund the purchase using a bridge loan with the assumption to sell my existing home ($1.5M)? 

why is the owner selling?  

i have a great property i could send you that i found has many great qualities its a cozy modern home with workshop and detached garage price is close to half a million but could very possible to change the sellers mind for your price range seeing as it needs renovations not many but still need them this property is in washington state but the area is good for selling seeing as a majority is rich and looking for nature vacation getaways right by a beutiful lake and mountain contact me if you would like to find out more i will have to note if you consider and take the property i do require a finders fee of a minimum of 500 depending on the deal 

I am a 21 year old and I’m currently employed as a 1099 contractor (intern) for a digital marketing company and have been working there for a little over a year now (Haven’t filed taxes yet).

This is what I think I know:- The borrower can choose to pay off the note at any time (by selling the property or just paying off the loan with other funds), so it is important that the legal balance covers my investment and some profit- The borrower could file bankruptcy (can someone confirm that this will only cause delay, but not jeopardize ultimately collecting the legal balance of the note)- Most of these DOTs will have a rent assignment clause, so I could try to enforce that and collect rents from tenants (essentially manage the property) while I am holding the note and trying to foreclose.