I am in Mission Viejo and can meet at a Starbucks.I am looking for my next purchase at the court house steps, while I am working on a few more.

The next step in the plan is to pay off the line of credit with a traditional 30yr mortgage once the property is paid for and occupied.

Hi @Aaron Treloar first step is going to a section 8 class I think they last 2 or 3 hours.

If you only want 3 bed/2bath ranch houses will a full basement in a 1/2 mile radius from your house, we might have a challenge finding you deals.  

Otherwise, find a local to the turnkey, Real Estate Attorney and start talking to them about what steps you can take in the municipality.

Step one is getting your finances in order so you can participate.

@Jason JonesI have to step in here and state that a Rollover as Business Startup (ROBS) plan does not align with your situation as you have described it at all.Those plans are for actively running a business, not holding passive income properties.This is a complex and expensive solution, and a great tool for certain situations and significant amounts of capital.  

The challenge we are facing is that the normal starting point of an accurate ARV to calculate MAO is really in question. 

Upon death, real estate has a step up basis, hence you do not have to pay taxes on what your parents bought the property for unless they gifted or transferred the property before death.

for what it's worth for everyone who thinks appraisals are what they are, you can definitely challenge an appraisal.