Hi Guys,in FL,HOA is foreclosing on a house in a week - Lien of 25k.the property also has a 1st position loan (Reverse mortgage)  that also just started proceedings with no set date or "Final Judgement" numbers yet.On the details of the 1st reverse mortgage foreclosure, its only mentioned that there is 320k principal balance due.The original note of the 1st was issued 2009, with a total sum of 650k, payble up to 2081 (!!).

Brass tacks:4 months into the dealVisited the property a total of 5 timesHired a contractor local in that areaSplit just about $100,000 between my partner and I.

The property is 20 mins from San Diego proper and 30 from the beach.

Are there lenders that will do a cash out on a property with no mortgage?

The house will surely continue to appreciate while I either rent out the property or Airbnb it. 

We are new and have one property right now  but want to find an option that will grow with our business. 

NEVER buy a property without a thorough inspection by a great inspector that you select and pay for.

Do you own any multi family or Single Family properties?  

I want to flip a property while I am here.

Ultimately, I'd like to go into MFR, LTR, but I think maybe I should walk before I run, so I'm evaluating the markets for both MF and SF properties.