Thanks Ask the seller to carry the note (owner financing) for a short period of time while you find other permanent financing.

It's a very short document which states only that you are assigning all right, title, and interest in the purchase contract to another party "in exchange for valuable consideration".

All good, he got the job and started on May, 10, 2018.To make a long story short.

I could also borrow 50k from my 401k for a short periodBut I’m hoping I can just take care of it in one step with the refi

As for your long distance question, this is a good start.

I am looking for a 4 or higher multi-family off the pennisula, or possibly a solid foreclosure in james island / west ashley for a short term rental.More than anything I need an agen t with with way more experience locally than I have. 

I did so with the intentions of negotiating a short sale with the bank, as there was an existing mortgage on the property.

Hello all, my name is Shevon, living in California and I'm very interested in long distance real estate investing.

I'm very familiar with every aspect of real estate - except short sales. 

And that distance drastically changes the market.