We're not looking for a bank to be the administrator, but simply hold our trust account.

But it isn't something you can simply walk into and have any level of confidence that you've done it correctly.

We lend on construction loans and this is a prohibitive arrangement for us.Not that you would do this, but what banks have seen in the past is that the builder family member will charge more than necessary to inflate the price of the home and then cut the money back to the homeowner.

yes I feel investing in CA just simply doesn't make sense unless I go in on a syndicate but I would like to use leverage OSS so I can scale properly.

You will need to study and learn all your codes to be able to manage a rental property with a tenant.In my jurisdiction we can not require a tenant to maintain anything, not even cut the grass on a SFH.

Resist the temptation of simply picking the one projecting the highest return.  

@Colleen F. n WA is a title and escrow state he simply needs to walk into any title company with his contract that he can buy at office depot.. in this area they are called Stevens Ness forms.. fill in the blanks and for this simple transaction that is all that is needed title co will handle the rest.. lawyer would be over kill....

It appears the bank simply winterized the house, but later the water company shut off from the outside due to an outstanding balance of 154.

Put simply, do you care more about monthly cash flow or long term appreciation potential?

The job requires cutting through the existing roof, adding LVL ridge beams, and framing the dormer and remaining attic space.