I reside in Texas, but I have some family that moved into the San Diego property to maintain the mortgage as I move through the probate process.

The real question is how much interest rate and how many points based on your specific profile, which will become clear when you provide all your information to a mortgage lender? 

What happens when your mortgage matures and you have a balance?

Each strategy has its own set of benefits and drawbacks, as well as potential returns and risks.Buying to Flip for Quick ProfitBenefits:Quick Returns: Flipping properties can potentially yield quick profits, especially in a hot real estate market.Minimal Holding Costs: Since the goal is to sell the property quickly, holding costs such as property taxes and maintenance expenses are minimized.Creative Freedom: Flippers have the freedom to renovate and design the property to maximize its resale value.Drawbacks:Market Volatility: Flipping is highly dependent on market conditions, and a downturn in the market can lead to reduced profits or even losses.Capital Intensive: Flipping often requires significant upfront capital for purchasing, renovating, and holding the property until it sells.Income Tax Implications: Profits from flipping are typically taxed as short-term capital gains, which may result in higher tax liabilities.Buying for Rental Income and Long-Term InvestmentAdvantages:Steady Cash Flow: Rental properties can provide a consistent stream of income through monthly rent payments.Appreciation Potential: Over time, rental properties have the potential to appreciate in value, providing long-term wealth accumulation.Tax Benefits: Rental property owners may benefit from tax deductions on mortgage interest, property taxes, and depreciation.Challenges:Tenant Management: Dealing with tenants, maintenance, and property management can be time-consuming and requires effective management skills.Market Risks: Rental income may be affected by market fluctuations and changes in rental demand.Liquidity: Unlike flipping, rental properties may not offer immediate liquidity, as selling a property can take time and incur transaction costs.Comparing Potential Returns and RisksBoth strategies offer the potential for attractive returns, but they come with different levels of risk.

After I move again in 1.5-2 years I would love to just LTR but I think I need to convert this to a MTR and fully furnish because I'll be coming out of pocket $500+ a month if i LTR because of reserves & mortgage.

My Midwest properties have low mortgage payments and balances (relative to California) they could almost pay the loans off if they wanted to. 

Often I will structure a participation note/mortgage. 

It’s software that will take recent comps for that home and adding it a valueThey are hit or miss on accuracy as they have no knowledge of existing physical condition of the property

We are considering selling the rental to pay off our house.here are the numbers:Primary: mortgage 470k - 15 yr mortgage at 5.7% interest. 

Hey curious to get seller/buyer agent or lender thoughts here:
In the RE/lender world, is client “gifting”, a common practice with agents, clients, lenders, or general contractors?

A few scenarios come to my mind:...