Ideally the same sub would also do the painting.Has anyone had good experiences recently with a drywall sub and /or painter?

I don't like it when my taxes jump up, but I deal with it. 

Therefore an interest only loan would be ideal... problem is, I've only been able to find Jumbo IO loans but I only need a smaller loan amount under $500k.  

The lawsuit sounds like it involves more than a foreclosure... the plaintiff may be asking the court to determine the rights of all of those with an interest in the property.There would not be a need to include the first mortgage holder in the suit if this was simply the foreclosure of a subordinate lien. 

Suits are rare considering how many lawyers there are.

We do plan to self manage the property, we moved down last summer and live locally.We just love the Venice area  and it was our ideal vacation spot before we moved.

Ideally, if we go SFH I would like something that needs some rehab first to create some appreciation (I am a Gen Contractor) so I would hope to find something that CF at least 400-700 after rehab and the original 20% down. 

Put an addition on the home, added a master suite, walk in pantry, half bathroom off the kitchen, built two car garage and split the lot of the home.

We ended up buying a place with an extra bedroom we plan on renting out.I think we had to come to terms with the fact that the "traditional" ideal house hack that you hear about a lot on the podcasts, where your tenant "completely pays for your rent and then some" isn't as realistic in our market.

His position is that getting the ideal interest rates on a primary residence is too good to pass up for another rental.