Mgt, Landscape/Snow, tax, insurance, utility then debt service. 

That (and insurance issues) are two big risks.

You need to be responsible, but firm.  

And you know who sells SubTo insurance?

Make sure you talk with your insurance company on what you would need to faciliate these types of amenities in your rental.

In addition, you would need enough working capital to pay for insurance (which will be going up a LOT in Los Angeles) and to pay for property taxes.Don't buy this unless you have substantial resources and a cash cushion to keep yourself safe.

the guy told me they are a sister company of another big firm (forgot the name)  that they wanted to appeal to this new generations  the terms sound very interesting,, where do you think we can fing more info on them?

For example, what is the monthly revenue for the property and what are the "All In" expenses, including mortgage, taxes, insurance, utilities, repairs, etc...

With a private auction of an already foreclosed property, you will usually be allowed as part of the closing to have a title search done and to buy title insurance.

Quick overview of our firm is three components.