@Andrew Hogan Thanks so much for the advice, you guys.

@Jim Pfeifer and @Andrew Hogan Thanks for the insight and feedback!

Quote from @Andrew Hogan: Your current 'Return on Equity' isn't terrible assuming a $1,700/mo net cash flow.($1,700 x 12 mo) / $240,000 = 8.5% Return on EquityI've seen worse :)What I see a lot of investors do is get into multifamily passively.

@Andrew Hogan wow thanks so much for your insight and sharing.

@Jason Roberts @Joel Hogan @Kevin R.Thanks, and yes this is my first deal.

@Tim Lovell - The property is in Florida so no basements here.

Michael Choi south Pasadena is amazing, I equally love, live, and work in Pasadena and South Pasadena.

I love late fees.

It is very hard to get an REO department to return your phone calls and then when you finally get someone on the phone they claim they know nothing (like Sgt Shultz from "Hogan's Heroes") and they direct you to the real estate agent.If you want to buy foreclosures and make money at it, I will PM you my web site so you can see the various programs I offer to teach you how to do those along with other things.

The ORB (original recording book) numbers 1111/2222 are the book/page.Orange county clerk, search site-by party name, or book/pagehttp://or.occompt.com/recorder/eagleweb/docSearch.jspWhen you search Neal J Lovell's name, you'll see all mortgages, LP's, judgments, etc.