They have the correct lease agreement and disclosures and make it much easier.

Is this really the correct allocation of your organizations resources at this time? 

If it's on your credit, you are on the hook for it.However, it shouldn't effect the loan process too much, a simple Letter Of Explanation should be able to get the job done with the correct investor. 

I would suggest buying without value add only if you were going to keep the property at least 10 years. https://www.neighborhoodscout.com/ca/san-diego/real-estateI think your plan to rent in San Diego is likely the correct choice especially as you get to know the area. 

There is way more things that can be covered and any attorney can correct me on here, but these are the ways we understand how to make it work.

Happy to answer any questions about the situation.Please be safe and stay away from him, or any companies he is involved with.I want to make a correction to the original post.

Perhaps @Natalie Kolodij can clarify or correct me if I'm wrong. 

Check with your lender to make sure you heard it correctly. 

Best of luck.Nick,Todd is correct and I would take him up on his offer I am just North of Cape Coral where he is at and its another Hot market. 

I assume zero as he would have to reinvest all cash received to avoid all taxes, correct?