You're correct, many investors think that using an experienced agent is just an extra expense.   

Yes Mike, that’s correct.

If my crystal ball is correct, we are going to see a lot of these sub2 deals hit the fan in the next 36 months. 

Of course a visit to the county records office and -correct reading of the legal description would reveal that the tennis court lot was the one being sold.  

Asking in the correct forum will get a better response.Read the RULES!

It is a complimentary strategy to pull some of your money back and hedge your bet.My view on making money in real estate: Cash Flow is a hedge against corrections.

I know you said $5,400 but is that the correct monthly rent(total)?

At the completion of your due diligence, you have 3 choices; accept the property as-is and move to step 4, reject the property and walk away, or ask the Seller to correct any items that you request. 

True although the fires this year just adds to the reasons to leave California (excessive taxation and regulation, overbearing political correctness, downtowns littered with feces, etc.).

If convicted of bank fraud you may be facing large fines of up to $1,000,000 and/or imprisonment of up to thirty years.Posted without comment.Okay, so one comment:Just because someone in your community says it's okay to do, better clear it with the feds first, or you may be talking with them later..This reminds me of a Subto in California that went bad and wasn't handled correctly.