I'd just ask about the terms of the short with the second, they may not care, depends on it's securitization and holder. :)

I had to work really hard to convince the holder of a private note to stay on as the lender for a MF acquisition I did last summer.

Their credit card company will always side with the card holder.

And if they don't own it they can't even give you any info UNLESS you have written authorization from someone with interest in the property (owner, legal rep. of owner's estate, judgment creditor, junior lien holder etc.).Again, check with county to see who owns it AND amount of original mortgage to have some idea as to how much equity is in the property.

She just said, "Due to our underwriting guidelines, state statutes, and depending on the actual lien holder, a simultaneous flip is not allowed."

., in Louisiana here the Bank most filed  Suite against the mortgage holder and the property goes to a Sheriff Sale.  

I’m a buy and hold-er and a flipper.  

The new loan is then paid back by the mortgage holder.

That means your end buyer, it takes you 1 week to find them, would only have 2 weeks to put everything together and close.There are two types of buyers you will be wholesaling to...flippers and holders. 

Best of both worlds after I weighted out the options. 2100 a year for a 200k property is a great deal for an investor I will have to look at this more.. if that's what the tax rate is there.. then Charleston should move to the top of out of state buy and holders list.. that city has legs..