Hope this isn’t a dumb questions.  

It’s a personal question in many ways.

In terms of your financing question, the majority of loans we do are in that $1m to $5m range, so that's not an issue at all (fake numbers wasting everyone's time would of course be an issue, but let's stipulate that it's solved).

Hey @Yolanda Martinez - Flipping houses is a great way to get some positive cashflow quickly but it can be stressful and a lot of work making all ends of the process meet.Usually the end goal for investors is to eventually have enough capital to buy and hold properties to rent that way you see cash flow coming in monthly.If you have any questions on the rental market, please feel free to reach out.

As the new owner, list the property pay off existing mortgage, second mortgage and recoup the proceeds My question is, would this be considered a novation and would an attorney or title company draw something  like this up?

Feel free to reach out with specific questions once you ahev narrowed down your plan. - Chris Kersey 

Open question on that one.

I have a blog post you can read here (www.biggerpockets.com/forums/922/topics/1175338-maximizing-w...) that dives into the advantages of combining house hacking and assumable mortgages.I wish you the best on your journey and would be happy to answer any questions you may have! 

Let me know if you have any questions, I am more than happy to be a resource.

This LLC is selling large amount of their portfolio, so my question is...if they have litigations, are they allowed to sell and what issue we can run into if we were to move forward with this seller?