Has no real money and realizes hey the mortgage is not in my name and well there is no equity so I cant sell it I would have to come out of pocket and well I think I will just stop paying and collect Rents until the bank forecloses thereby trashing the orignal sellers credit and basically ruining their life.. those are the deals I have personally seen and that is why I am very much opposed to Sub too as a long term investment by Most investors who simply dont have the capacity to carry a deal if the tenant stops paying etc.. or is Bent and believe me there are tons of Bent folks out there that will think nothing of screwing nice people.  

Wholesaling in SoCal can be tough....i haven't found the competition factor a set-back yet..if your really out in the streets, knocking on doors, at your court houses, county buildings consistently you find there are not as many wholesalers as you may think actively wholesaling.....there are quiet a bit of people talking and wanting to get in...i use the county buildings and the court houses for my leads...there are some really great untapped resources and tons of different types of leads you can get from those two places...and of course I have not discovered anything brand new...im just realizing the sucess is in the fight and how hard you want it...when i found out about these two sources i started to pull data from them and let me tell you it was overwhelming...but it was a gold mine...before i made enough money to pay someone to do this for me....i had to spend hours and hours and hours daily scrubbing data....finding address and owners names...etc...i have a system now and it runs smooth...i find some really great deals throughout LA County and Riverside County...I have 2 cash buyers that have bought all my deals...thats another important thing find real cash buyers...when i first started out i didnt have real buyers and i found out other wholesalers were acting as cash buyers just passing my deals on and on and it became a daisy chain leading to no where...Anyway i love wholesaling and i could type all day..if you want some creative ideas to find properties PM me....but dont give up...and don't let anyone discourage you about SoCal...its tough and it will literally make you cry....lol but its great place to start wholesaling...if your willing to put in the work...

I realize that it’s easy for me to do thanks to my network on the ground but it’s probably much harder for you.

For example, you might buy your first property and realize that being a landlord (especially a long distance landlord) is not for you - even with a property management in place.

According to a New York Post story about the incident:“[Adele] Andaloro claims the ordeal erupted when she started the process of trying to sell the home last month but realized squatters had moved in—and brazenly replaced the entire front door and locks.

Thanks everyone, I'll be doing some more research into this.I realize the tenant can still flip the circuit breaker, but I'm trying to prevent the "Ooops, I went out of town and forgot to leave the heater on" type of scenario. 

Is this a  new change or he realized that he made a mistake in the previous returns?

Hey  Bryan, I realize this post is a little behind the timeline, but I hadn't seen it mentioned anywhere..

Echoing Dave, your best bet is to approach people off-market; many owners of such land might not realize what they have.

I realize you may not like someone pointing out something as basic as a contact page, but I was trying to help you, not criticize you.