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.

Defining the class of the neighborhoods is the tough one to start that grade C out for...I have some clients unused to the mid-west who are used to high-end suburbs who consider our better areas a B- area.Personally, I classify the C- anything I verify I have easy access to my spare magazine before I enter a vacant property.

At at a high level, once you have gone through a model a handful of times, you can get an output very quickly to know if you need to dive in deeper.But, TRULY underwriting a deal comes down to market knowledge and the nuances of each deal.  

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.  

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.

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.

I guess it’s verte two years later than neverBased on my “research” that includes YouTube videos and chat GPT this is done via a trust, in which the lender is the beneficiary and the borrower is the trustor and the title company or lawyer is the trustee.

I agree with the sentiment of "you must be highly organized."