@Tiago Martins IF I understand correctly, you're proposal is to lie to the lender in order to get the loan.That seems like the textbook definition of mortgage fraud.

There are plenty of loans you can get for SFDs that are more commercial and will not be treated the same as a residential loan that must adhere to Dodd Frank and other legislation.

I continued to reach out to P1, but she did not want the proposed scenario. 

Lastly, I agree that using leverage is really the best way to maximize this, but I don't feel comfortable proposing to them a partnership when I am still very new at this game.

I want to propose deals to my mentor for them to be able to close and expand their portfolio.

This is where the proposed PR (Personal Representative) is self-representing the estate.

This is an REO (bank owned property) and presumably title is now clear.I can't download the proposed Purchase Agreement or Auction Addendum... but you should for sure.Bank would convey with special warranty deed so you can assume it is free and clear and will pass to you at settlement without any liens.

If you’ve read @Brandon Hall post on the House’s tax proposal his first “Biggest Loser” category sights short term rental income as possibly being exposed to self-employment taxes.

Looking for some proposals on developing 10 residential lots in 29 Palms. 

Caution, the current tax reform proposed increases the time to 5 out of 8 years, which Could go into effect 12/31/17.