Thats a lo of expense for 1 unit.

He is willing to do a LO.

@Joseph Bodek I'm buying leads from home buyer network and zbuyer and largely the leads are only good for LO / subject-to but I just can't convert these optimistic folks into a LO purchase.

So lets just hit the highlights here….There are sections that do not apply to a LO less than 3 years….§5.066, 5.067, 5.071, 5.081 5.082These sections do:§5.061, 5.062, 5.063-5.065, 5.073, 5.083 and 5.085just doing a drive by look, §5.061 and 5.062 discuss and define the term default, and 5.062 states that if a deed is to be delivered within 180 days, the rest of the sections do not apply.

There's alo HOA fee of about 600$ per year (very general exterior surrounding maintenance). 

but alos have ones that have rented for more than $2,000

try starting a post requesting the help of a Los Angeles area attorney.best of luckA

On the other side, when buying on lease option, not selling, should you consider buying on a LO and doing repairs as a viable strategy?

I alos mentioned that usually only a part of another bloggers article is posted and then linked back to their site.

@Chip Chronister To market to them, we utilize our website, which gets over 3k hits per month, then we have an account with rental houses.com, rentals,com and zillow. you can also use Clist, although we don't much.I do get calls wanting to know about "what is the interest rate" then I have to explain there is no rate, this is a LO.If they are looking for a owner finance, I tell them the benefit of a LO is you don't need 15%-20% down.Then ask them...do you have 15% - 20% down?