Its been over 3 months since they supposedly sent in the plans for approval with the City of LA and we have yet to even SEE the plans they submitted.

Generally for fix and flip, we put this activity into an LLC that might be taxed as an S Corp depending on profitability.Rentals are usually put into separate LLCs depending on the state.

For example, certain liens will not go away such as property tax liens, code enforcement liens, certain city liens, etc.  

Quote from @Rich Inman:I'n Texas we are essentially only a tax deed state.   

Like @Chris Watson stated some folks don't understand that a heated pool is not a hot tub.  

NC State, Monk RE, and Wake Tech Community College) from long time brokers, lawyers, investors and accountants.

I’m fairly new and do STRs out of state.

Rentals have also shot up like crazy so I anticipate much more as the years go.I have been studying BRRRR and leveraging debt but this case is different.Would it be in my best interest to pay back the loan asap or just make the monthly payments and start saving my extra cash for my first BRRRR in the states. 

You need a short sale approval letter from the first addressing this particular sale, and if the second has agreed to move their lien, they should be providing a lien release letter, or a letter stating they will be releasing the lien at close. 

Been listening to Real Estate Rookie and BP channel for a little bit now and this is my first time posting in the forum.I’m currently living in WA State and own a home that is under a VA Loan.