@Martin Nowak if you are positive you can make a beer garden work then you need to run the numbers to see if you can build the beer garden and support the debt and still retain cashflow equal to or greater than you currently have coming in.

I mean zoning, code compliance, lot line adjustments, grading and big retaining walls, and more.  

It sounds like you want to refi, heloc etc to get it out, and you’re typically required to still retain 20%.

It's to RETAIN their position.

Land is not appreciable, but shrubs, retaining wall driveway, fencing all can be depreciated.You will find that when you take the time to classify components there will be much less difference.

In other words, are you looking for cash flow only and can care or less about future appreciation all the while retaining high managerial responsibilities, or do you want something else for your goals?

These banks usually retain their real estate loans within their own portfolios... hence the name "portfolio lenders".

So it LOOKS like an REO but Chase told me the owner still retains the home and only he can agree to a sale.I will def do the title research suggested.Thanks again for all the help.

As such she will probably retain "checkbook control" and be the primary contact with the professional service providers.We are looking for...People to network with in the San Diego (Ramona) area.Help in finding local experienced real estate support professionals (CPA's, attorneys, agents etc.)Beyond the "trust" we are interested in learning more about becoming involved as HML's.

So, if you can find out where thoses loans are going through the broker you could ask the bank.The bank may be a little higher to retaining the servicing rights where the broker sells servicing on a service release basis.More than you probably wanted to know.