Out of curiosity, in procuring class "A" property, are you investing local in California or out of state.  

You would just ask the seller to provide you with the signed copy of the leases.At closing, the seller owes you the security deposits, plus any accrued interest that should have been accrued according to your state's laws.

Late fees for October rent payment in the amount of $170 were accrued and not paid during November timeframe.

Michael Seeker , I'm still buying cash-flowing properties in the East Bay, but it's just sort of an intellectual curiosity .

Ben Turner , just out of curiosity , what method did you use to finance this investment property?

My wife and i are sitting on some savings and would like that money to work harder for us instead of sitting in a bank account accruing less than 0.5% returns.

Joel, just out of curiosity, how much would you offer for the property I linked?

If they don't pay I'm the one with the lien and 10% interest accruing.

Reach out to a local RE agent who specialize in short sale and foreclosure (out of curiosity - would I really need her if listing agent is there for the property and/or would I be compensating my agent for the commission or she will be sharing commission with listing agent ?).

It was my first purchase, thought I could just accrue equity over time while someone else paid the mortgage.