When I sat down with the finance guy we got to talking and he started to explain how I could take advantage of a simple interest loan, specifically in the state of TX because of a "loophole" in the TX finance code.

If their regulations are too strict, you can scoot down to some of the Carolina beaches that may be more favorable.

@Jasraj Singh a really good and simple starting point without getting a good agent involved is using https://www.zillow.com/home-va... and do some simple market analysis on a zip code and census track basis.

Zip code 32935, Melbourne, FL near down town Eau Gallie.

As far as Building Code is concerned, you may have some issues.

ps. would you be willing to share the area code or general location of the property on here for reference? 

Strictly looking at seller concessions and Pmi/mip.

California Civil Code 1189(b) provides that any certificate of acknowledgment taken in another place shall be sufficient in this state if it is taken in accordance with the law of the place where the acknowledgment is made,” according to the SOS statement.”https://www.nationalnotary.org...Appears you could find a RON from another state and have it done that way.

I am curious what zip code this property was in?

Hi Zachary,Nice view, those don't come cheap in So Cal.It might be wonderful being up there at night.In So Cal the unpaved road adds an unknown amount of risk to the deal.Not just attracting residents, but the possibility of the city increasing the taxes due to curb and gutter installation, and how will that be calculated under the Calif property tax codes (increasing your expenses).Can you handle the risk?