No licensed broker may pay a fee or a commission or any part thereof for performing any act specified in this chapter or as compensation for a referral or as a finder’s fee to any person who is not licensed...The statute in this great state even cites relevant case history.

And this helps make admin tasks more palatable.I have also started working with a virtual assistant to body-double me. 

Realtor in Maryland and Delaware.

HI we are Canadians and do a lot of creative financing  in the US more then willing to share how we do it with anyone who wants to chat

Is this a correct understanding of the major steps?

What made you interested in investing in this type of deal?

For HELOCs without W2 income, look into local credit unions or community banks, as they often have more flexibility with alternative income verification and rental portfolios.

With the HELOC, I think that will still puts me in the black about $125.

What actions and/or credentials make a landlord an active property manager to deem rental income/loss active in CA?

I can easily put 30-40% down.Whats your advice in this situation.