Currently under contract for a large off-market residential property.Quick details: 4,200+ sqft 12bed / 5bath (2 kitchens) (No a flood zone)(Light - Medium rehab / rent-by-the-room play)My partner has been a PM in this community for 20+ years and is highly confident in this deal (as am I).The current issue is, we aren't confident the property can close with a bank due to a few seller complications.( ^Very long story, but if you want to hear it I will tell you haha)We're looking to over-raise about $335k ($255k purchase and $80k for the rehab).But we (and our contractors) know the rehab portion will come in a bit lower.Can anyone point me in the right direction?

I'm not sure if I am going to start local (since the market is so high here) or if I am going to go OOS.

Are you buying to house hack or rent out both sides.There are so many personal questions to answer, before you begin analyzing deals.Factors such as jobs, population, tenant laws, median income, affodability, crime, schools are all metrics to considerGood Luck!

Rent ready, non value add, mls purchases in San Diego are large negative cash flow if financed at current rate with a high LTV loan.  

Could one of you stratify the BP population based on engagement?

You can forget any large bank like Wells boA or large regional s I highly doubt with your scenario they will provide any credit to you.then you have the Brokers who are responding.. they set you up with a direct HML that does vertical Rates 10 to 15%  and points 3 to 6.. of which the brokers take 2 to 4 points for setting these up for you. 

I highly recommend checking and verifying IDs.

If you want to get an idea of all that is happening in our market I would highly recommend subscribing to the Triangle Business Journal. 

People said prices were out of control and way too high in 2014-2016 (you can find many threads on BP about it). 

However, upon transferring it back to your dad, the basis is not relevant anymore.In the end I would highly recommend you reach out to a tax professional here to get this sorted out.