LVL material, preference for an open floor plan, make this renovation very popular.

Sounds like a solid plan!

Are you planning to rent it out or live in it?

We are building a place with HELOCs then after it is built we will finance it and pay off our HELOC, at least thats our plan. 

Although this sounds like a great plan, when they mention training their just like other lead sources. 

My plan is to buy the house subject to their existing mortgage, renovate the property, refinance it and pay off their remaining loan balance using the money from the cash out refinance.

I'd like to accumulate enough properties to cash flow 6 figures, which would likely be a 20 year plan. 

I’m exploring the idea of buying a vacation home near Yosemite, which I also plan to list on Airbnb.

Private Money Lenders are going to be hard for a primary residence as it is an investment and typically they want to see a return prior to two years - also, the house would need to be purchased at a discount which would limit your options on a primary residence - now if you are looking for something that needs some work that you are planning on fixing up, it would be a little more feasible.

You would need a premium plan.