Elie, I would recommend telling everyone you interact with that you are looking for properties that the owner may sell that are not listed.

Hello everyone, We are planning to sell our house in San Diego, CA.

(So there’s plenty left if you have to sell and pay off the loan while providing plenty of funds if the rehab goes over budget.Then you just figure out how much you want to make if anything.

When home price is spiking up, I sell LOL My Brother in Law a PHD is selling his 2, might do some flips is 94089.

You will also need to find the right seller that is not in rush to sell the property and is willing to work with you on how long you can be in contract as this type of loan can have unexpected delays with so many other moving parts.

I’ve read some not great things about crime in Cleveland, but I imagine knowing an agent in the area would provide knowledge as to safer neighborhoods to invest in.

There shouldn't be double taxation because rental real estate normally operates at a tax loss.The potential time that there will be a tax consideration is when you sell the property.However, your resident state(MN) will provide you a credit for taxes you pay to a different state.This will avoid double state taxation.In general, California state taxes are higher than Minnesota state taxes, therefore, you will be paying the higher of the two state tax rates, which is California.

Sell your house and find another way to make money.

After assessing the cost of remodeling, and either renting or selling the property weighed against the advantages of selling as is to a builder it seems to make more sense to sell it as is. 

Here is what one of the new people I coach from Socal did with a property in Phoenix I helped him find. He has taken his training seriously. It’s a Subto (Subject To) that I helped him buy “off market” and he chose to...