Also would come with the stress of a loan, and debt servicing.

That way the investment makes financial sense.  

My current plan was to take out around 250k by refinancing to a 550k 7% loan from a $290k 3.25% interest loan.

I know folks who bought strip malls and multi-tenant retail in 90s for 5-10 cents on the dollar at auction from Resolution Trust Corp after Savings and Loan crises in Texas, We are now going through similar deleveraging event after super frothy period in Multi-Family due to 0% fed funds x 20 yrs and many properties bought at 3-3.5 cap rates, especially in austin/dallas/H-town. 

Build Rehab Budget into Loan. rather than fund from outside.

Does Lender need a lending license to provide a private loan for a residential property in Texas, considering both the lender  and the borrower are California residents?

Hey fellow investors,I wanted to reach out to the community for some advice on a potential real estate investment strategy I've been considering.To give you a bit of background, I currently reside in Southern California and am eager to dive into the world of real estate investing to secure a financial foundation for my retirement.

What’s a Wrap-Around Mortgage Loan?

In my current situation I don't have any capital available, and have a very large student loan burden. 

Keep up compliance with all legal and regulatory requirements for LLC ownership, such as upholding state law duties, filing yearly reports, and keeping separate financial records.