He is hoping he can simply find a buyer ready to build and be done with this.Any comments or opinions are very welcome.http://www.trulia.com/homes/California/Oceanside/s...Thanks

The rest simply want to do the minimum and be lazy. 

Not because its bad advice but because there are simply different types of hard money lenders and the ones commenting above are not the right ones that fit what I believe you're looking for.There are some hard money lenders that will lend you a percentage of the purchase plus rehab. 

It will always boil down to the entities option to take on new non-accredited investors.

Don't let the other side draft the PSA for you, because then you'll end up fighting over rights that are typically afforded buyers, like the inspection contingency, and the negotiation will drag on.When a client brings in a contract drafted by the other side, it often takes me more time and costs the client more to modify a crap bootleg contract (that often looks like it was thrown together in 5 minutes by the seller's 14-year-old son) than it would be simply to draft a clear and concise agreement from scratch.

We invest exclusively in the Southeast, where we can gain an additional 2-3% in returns simply by changing geography.  

You might want to consider simply putting together an Option Contract, so that you actually have a beneficial interest to market, and then exploring some of the more creative options.In my opinion

agree with rick on this one  Adverse possession has 4 or 5 affirmative claims to perfect and simply using the pond in the past for fishing is not enough.Depending on the state the water rights are usually owned by the state and need to be perfected as well..

Simply write a check from one to the other and make the deposit.

One of the easiest answers is to have them simply loan you the money to buy properties.