How far along are you in obtaining your license?

If you tear it down first and things have changed when you try to obtain the new building permit you are now subject to the new and probably stricter guidelines.

I'm newbie; I know the basic as I'm finishing my real estate certification at UCLA.

Has anyone obtained a HELOC or other similar loan on their Single Family Home Rental Investment properties Recently?

Would someone be able to point me in the right direction as to where I can obtain this information?

To answer your question, there's no "quickest and easiest" way to obtain property financing without first achieving these prerequisites.

Yes people make mistakes, but when you are given privileges and allowed to operate at higher level than those who have not gone through any given training, certification, etc., then you should also be held to a higher standard.

https://en.wikipedia.org/wiki/Straw_borrowerOne way that I think this would work to protect yourself is for the two of you to form an LLC and have the LLC purchase the property and obtain the financing, with you providing the personal guarantee.As far as using a 15 or 30 year mortgage to perform a flip, hopefully a lender will chime in on whether that will hurt you from getting another mortgage in the future.

I understand as a rule does not allow you to sell this property to anyone who is obtaining FH a financing or conventional financing.

If abandoned tanks are found during inspection lenders will require it be removed and certification obtained proving there is no ground contamination.