A good GC is going to be a willing partner in this, getting your thought's but most importantly budget, and than telling you how it should be done, and how the priority list should go.

bridge loans are definitely still relevant when speed and flexibility are the priority.

...let me explain...Obviously, mentors are people--which means they come with all sorts of biases, strengths, weaknesses, blind spots, priorities, etc., etc.

I have a lot of clients each with their own CPA and I have seen a lot of varying opinions. 

Next step: get the HOA letter and a lender pre‑approval, then pick one priority to execute first.

Tax deed is a high‑reward, high‑risk lane: titles can be messy, redemption windows vary, and you often can’t inspect, so you win by mastering one county’s rules, running conservative ARV/rent comps, and budgeting for quiet title plus unknown repairs.

Hey Andrew, Depending on your situation, the best approach can vary quite a bit.

If he insists on equity, require true “skin” via a cash reserve contribution, a completion bond or performance escrow, and a make-whole priority that pays your capital back before any split.

However, the local interpretation and enforcement vary widely.

PROBLEM:Year 2014- The 2nd lien Note  was never paid and the lender did not take any actions to enforce their rights for many years.The Wells Fargo 1st lien eventually PAID OFF IN FULL (thereby sliding the non collected 2nd Mortgage lien into a PRIORITY lien Position)in 2014 the property was purchased and was transferred again.