Banks give Pre-Qualification letters based on a few docs and they are probably larger than your current institution.  

First step would be to gather all documents and seek death certificate, which will be needed to have the discussion with any of the financial institutions involved.

Didn't the National Association of Realtor say Sacramento was the 4th Hottest Market in the US?

Seasoning requirements could vary between institutions.

No, I'm not required to have a license through Dept of Safety and Professional Services, but a license is required through the Department of Financial Institutions.

The price (I believe)  is very reasonable considering the overall scope; 180K for multiunit land property with approved plans.For the land itself, I may secure an owner carry back, lease option or buy cash with institutional financing.  

In Portland they are cracking the whip and have instituted some big changes that require you to live in the unit 9 months out of the year, as well as limiting you to one listing per host.

@James MasottiWould you be willing to share the names of those 2 financial institutions that would offer HELOC on investment properties?

The second mortgage was through a separate financial institution as well.

What I would do is provide the tape from the financial institute, and then, they can tell me what information they want on the notes they're interested in.I would consider offering the following:Crime summary of the property's location from Trulia.All the county tax information (usually from the assessors), including the city's info (eg, taxes).Comps and ARV/FMV, upon request, for those whose plans include taking possession of a property, and may want to sell it.Rent averages, for those whose plans include taking possession of a property, and may want to rent it.Title information from a local title company.General city stats (so they can have some ideas of the local market).What else?