His house has high capital gains taxes (bought it 1983) and low property 19 (CA) tax base.

If the owner does not redeem and you foreclose and get the property, the price you pay is fixed based on your bid. 

Hello everyone, I'm curious if anyone has insights on where to find loans of this nature.

@Dennis GuintoIndividual decisions should be based on the end goal/s.

Hey Isaiah, DSCR Loans are thirty-year mortgages secured by turnkey residential real estate properties strictly used for business purposes and underwritten primarily based on the property.

It's a manual process (and a bit slow as there is no copy and paste type feature I could find) but it's only once and you're good to go.So here's the login page... like I said, a nice visual interface as you'd expect from a web based app.You can scroll down a bit for more on how you're doing this year and compared to the previous year...Here's how I set things up...So to set things up... go to the accounting tab on the right (the +/- Box)... and click "Add Account in the top right...

Yes, all those terms are true, but the lenders dictate the seasoning period based on their lender guidelines.

@Rob K. response seems very good, but I want to add that one of the two proposed prop 13 amendment initiatives (prop 19) eliminates the Prop 13 tax bases transferring to children and grandchildren if the unit is not the primary residence (I.e. rentals and vacation/second homes).  

Question: If my original primary residence is a multi-unit property, am I still eligible totransfer the base year value to a replacement primary residence?

From what I've notice is that most of the gulf front investments are appreciation based with break even or lower net profit on cashflow.