If your plan is to sell it using a LO, why not control it the same way? 

The property has a pool and is located in the Palo Verde high school district (which I understand makes a difference).  

@Chris MasonI actually have a LO contact.

@Katherine Val Verde there is no need to lie or skirt the truth.

I have a pre-approval for a Lo-Doc, non-owner occupied loan up to $500,000, 25% down, 6.25 interest, 30 years -- and my loan stipulates whatever property(s) I choose, the 30 day market rents have to cover the total payment (including any HOA). 

Hi BP, I’m looking for advice, thoughts, guidance from people with experience buying property at a los angeles county sheriff auction (not foreclosure auction) - properties that are being auctioned by the sheriff because of a judgement against the owner or that have been confiscated by the sheriff for some other reason.

I'm looking at a SFR property in a Los Angeles suburb.

Jack and Jill homeowner never carry or take a LO, but it anchors my cash/financed price.The other one I like is 'what if'.  

Typically the tenant-buyer in a LO isn't able to qualify for a mortgage, so that's why he records the option to buy at a future date when he will be able to qualify to purchase the home at the negotiated price.

Most of the podcast episodes I've heard and YouTube videos I've seen are from people that are in markets where entire houses cost less than a fraction of a Los Angeles down payment.To evaluate your MLS deals, make sure you know how much your money is going to cost you to purchase and hold the property.