I'm actually finding more deals now.

Actually just got an offer accepted for a client of mine yesterday on a duplex in Peabody.

After doing some research on the ‘director,’ Kory, he’s actually just a freelance/self-employed salesman based in Utah… I should have sniffed it out earlier in the process than I did because even in the 1stinterview, some of the early questions from the screener included how much money I make, how much I have in my bank accounts, my credit score, how much credit card debt I have, and what my credit card limits are…I was then asked if I was willing to ‘leverage my credit’ aka max out my credit cards to be successful.

I would do that if interest rates were actually low. my current interest rate is 2.5% so i don’t think i would want to give that up.

What I am looking for right now is a hard money lender that will do a cash out refi on this property because I have several deals in the works that I would like to close on.I am actually aware of a few lenders that can work within a leasehold situation, what is the current 'as is' value of the property?

Sounds like you got a winner there :) We actually just bought a new one last year- amazing location with main house on a great corner, and separately addressed guest house in the back that we rent out.

Until you actually file something, you are free to ignore whatever structure you set up.  

Keep in mind that the $625,000 pulled out is non-taxable because it technically a lone and actually has tax benefits.

It’s written for young aspiring investors just like you.I’ve actually read that!

I have some more reading to do but if I understand correctly I will assume title under the Ladybird Deed and can just continuing paying the mortgage from my parents current mortgage yet not actually "assume the mortgage" and not have it impact my eligibility for a future FHA financing.I may have awkwardly described what may be the strategy.