While this does technically satisfy the requirements on paper, it would never hold up under audit and would be considered evasion/fraud WHEN discovered (not if).

Depends on the bank or lender....But not if you have an FHA loan already.

We're all here to generate more income, and we should all do what makes us feel the most confident be it turnkey or "traditional" soup-to-nuts.Regarding #2, of course the turnkey company takes a cut, but to me that matters not if they are getting you a better deal than you could find on your own.So my request to you... can you keep us posted over the coming months how everything turns out?

I gave them notification that I will be raising rent on this new contract.Should last months rent that they paid in the beginning just get transferred to the new contract plus the rent increase?

"DelCo" "Philadephia"; "wholesale") so that you can receive notifications once a topic or area of interest is mentioned in one of the forums.

@Will Barnard is correct to lending money in CA your either need to be CA broker , NMLS licensed, or consumer credit.What I like to do when I am looking at a new market and have a question is to simply google hard money lenders in that state.. at the bottom of their first page you will either see their NMLS disclosure or you will not... if they have it your pretty certain its required if they don't pretty certain its not.

The seller can sell you the property, so you can always try to sue for specific performance to sell the property whether they want to or not if you have a good written contract. 

We do use it, but not if we have a renter.

@Lisa Jones I didn't get a video link with my notification but I'm guessing we're all going crossing our fingers that we actually get the return of our capital at this point and not quite as concerned about the return on the investment.  

He has moved his daughter and son in law into the house without any notification or consent.