I have been looking for a home in Southern California... which I do not want to go the typical route because of competition and also my tax returns are not so friendly to conventional lenders.  

Hello, I'm not new to being a landlord but I'm new to private lenders. 

@Kristofer Schroeder, I definitely have some questions for you, just sent you a private message.

Lenders would consider modifications in loans or bridge loans, but this is a case by case scenario.

I have been assured by the lender that there will be no due on sale enforcement. 

I probably need to talk to lenders and hear my options.

My income is really solid, but I don’t know if I a traditional lender will do the work to see it or be confined by Fannie Freddie UW standards

I created a VA LLC with my daughter as the owner (for my anonymity and asset protection), and was planning to hold private mortgages (using another LLC I created), to strip equity and for anonymity.  

WHATEVER you or any other real estate investor does #1 - Never Ever Under-Estimate non-supportive parties:  HUD, REVERSE MORTGAGE LENDERS, FHA, YOUR OWN REALTOR, Financiers, INSURER'S, LOCAL LAW ENFORCEMENT EMPLOYEES - bribed Police Inspectors especially!  

Builder ends up screwing us over and we are out $250k which we are in the process of trying to get back.In the meantime, I'm trying to get a private or hard money loan to finish the buildsCurrent mortgage 273,000Rehab 1 - 150,000Rehab 2 - 150,000Current value for both places approx $350,000ARV $1,000,000 for bothPlan is to refinance and hold as STRI feel that these numbers are reasonable - am I missing something?