It is hard to understand what your post is saying…. 

When do interest rates change? 

Hi Na, I'd love to hear more about your source if they're still able to do a 90% LTV DSCR.  

This is something that I have always wanted to do but finally decided to make the career switch and go for it.

Because it's California.That said, REPS has nothing to do with STRs, so your reference is not relevant.

Do a wrap.

Account Closed that's not the case as long as you live in it as your primary residence for 12 months.

It didn't sell at auction, so not sure what they ended up doing with it....maybe tried again later or put it up OTC. 

It's just not clear what you are actually doing here. 

In this instance what I would do is get the deed in lieu from the borrower so you ahve the property again and get a note from them but have an attorney draft it to see if you can include a confession of judgment - meaning if they do not pay then you can get a quick judgment and possibly garnish wages.I would also have them put a small down payment as part of the note and only accept a check that way if you ever did garnish you have a copy of a check so you know where they bank.unfortunately you are right they can stop paying on the note and its unsecured so its a risk but out of all the options this is your best option.