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.

While this structure offers great asset protection benefits, it doesn’t necessarily save money on filing fees or administrative costs.

Most of the properties we acquire are with little to no money down (even $0 down!)

It would be wise to rectify it before transfer of title so your starting off clean and hopefully won't have any issues when you go to sell down the road. 

You dont have to do the deal to make money.

Time is money, and SB-423 speeds up the permitting process, making it easier to get projects off the ground with reduced delays.Navigating Carlsbad’s ADU RegulationsUnderstanding Carlsbad’s ADU regulations and permitting procedures is essential for successful development.

Military deployment money Lessons learned?

Marie Poe and James Wise.

I have both, but LTR'S is where I have and still make the most money.

And how much money are you making in your current job that you would want to replace with your real estate income?