That being said it seems like a great way to get into building equity quick in a distressed property without resorting to hard money, large gifts, private loans, or big reserves of cash that take years of working to amass.

Or, I've resorted to new construction with clients in managed developments so they can get a little break on price but also a substantial drop in vacancy/maintenance due to the brand new construction.  

I hope you feel like a buffoon for resorting to name-calling and the online equivalent of hostility.In grammar, when something is written and followed by a colon (":"), the succeeding text is used to describe the text that precedes it.

I believe a lot of flippers resort to renting their product when the encounter difficulty in getting the number (profit) they expect from the transaction; and let's not forget the appraiser who controls how much we can recover from our efforts.Some additional food for tought.

Your last resort, if you have good credit is get credit cards cash advances.

If not try to convince the resort to take it back for free.

If you do deals that skirt laws and regulations, you're not really ethical, that type of person usually has bad credit, they resort to under handed tactics because they are desperate, don't be desperate.

Since you are in California, you will have to resort to making connections with people that will do the leg work for you and then you will be able to see if it is a "good deal" for yourself. 

A lot of the business there like Konocti Resort has shut down.

For last resort to draw.Keep or get a W2 income job, so you can buy up when there is blood on the streets :)