You would probably have to partner with someone who has a track record, or at least a reputable GC, in order for a lender to consider you for a construction loan.

In that case, I refused to close on the loan.

To secure the construction loan for the duplex, I would use the entire property as collateral to meet the down payment requirements.Does this sound like a good strategy?

Investment Info:Single-family residence hard money loan investment.

Short of that, he transferred the property in violation of the promissory not so, the lender could accelerate the loan and declare the full balance due and payable.If your grandfather and notary didn't sign the quitclaim, you don't have one so, umm...have them sign it and record it.

Are you leveraging the stability of conventional loans, the speed of hard money loans, the flexibility of private money, the creativity of seller financing, or the collaborative approach of partnerships?

I would also order a foundation inspection or sinkhole report prior to purchasing, if you don’t that fight with the insurance company is a "No Win" situation!

Be prepared to document where that cash came from - in your case, that's easy, your HELOC.Would be happy to help you with that sort of transaction if you want to reach out - I find a lot loan officers are unfamiliar that this option even exists. 

I would hate to lose the lower rate loan and not be thrilled to give up the prop 13 savings.

Once it's determined that a property is eligible for STR usages, an in-depth analysis and Pro Forma should be developed with help from online tools and estimators (such as AirDnA), real world rental experience, local PM companies, lenders and RE Broker.