I believe CA has unique value add opportunities at this time and that it is a good time to be an RE investor in San Diego. 

So I was thinking about a way to tap into the unique skill set to add another piece to the puzzle.

I would repay P&I to the private lender monthly over 36 months, likely at 12-14%.  

I would repay P&I to the private lender monthly over 36 months, likely at 12-14%.I haven't started asking about the mortgage requirements & searching for hard money lenders that do this yet but would like to figure out some of the structuring details before I start calling.

Of course I say all this but it might be entirely unique to my city.

But here's the rub: It seems if the purchase was funded with assets drawn from equity on another property, the proceeds from the new loan must be used to repay the original loan.

Although I agree with the general message that every deal is unique, I believe the whole point of this forum is specifically to advise BP members if those deals have potential or not.

You should be working on your long-term vision but right now you don't have any unique and valuable skills to achieve your vision, so you don't have the option to be specific about your path right now.See that this is the case, your path right now is to find any way you can gain experience in real estate and/or real estate investing.

one part says its only the outside structure and you still have to put in the windows, doors, roof, plumbing, electrical. basically all you have is concrete siding. you still have to frame the inside to install insulation and drywall. i feel its the same concept as container homes, a unique way to build but not necessarily a better revolutionary way. 

Banging Gavel Team needed a location to launch our brewery and knew we wanted to find a location that was unique, where we could make an impact and most importantly control the real estate.