Obviously that secures my house to the loan, but it would basically keep me from draining my savings account to throw in a 20% down payment.

We can't get another mortgage to move out of the commercial building right now, and year lease rentals are basically non-existent in our area (at least ones that are the size we need).

If it's not, it's possible the client has Basic Form, which excludes Theft. 

I was bidding on one here in Portland were we could build 45 homes.. and it had to be a life estate but we lock in todays price.. and of course we actually have appreciation in our market I know that can be a foreign concept in other markets.. and it depends on how much liquidity you have and what your balance sheet looks like..

Do I let it go to voicemail so I can get more details, or will that basically give up the lead?

Of course, the entire investment concept is hugely different.

AB1481 TextI'm hoping that someone well versed in California law can read this and answer a basic question for me. 

AB1481 TextI'm hoping that someone well versed in California law can read this and answer a basic question for me. 

Basic overview would be, hard money or personal loan to purchase, then 70% LTV delayed financing, then HELOC to pay off the last 30% on initial loan.  

Basically do your DD on the RE and your team.