I'd pay it & chalk it up to lesson learned.

But that wasn't the question, The question was CAN you do it, not HOW do you do it. 

They make this up by earning tens to hundreds of percent on the remainder and can do quite well.Though some funds do it, it's a rare individual I know who invests in both types of notes.

@Vince Au no one can predict the future.There are some interesting facts you should confirm for yourself (NEVER believe anything anyone posts here!).

Yes, I was able to figure it out.

Often times the information is insufficient to really get good at it or protect yourself from the things that you don't know and thing that can get you into a lot of financial or legal trouble. 

Do this before rent just stops, and you're a worse situation.

Do you mind me asking how much you would need to replace your income?

I don't mean to be negative and obviously, you are going to do what you want to do, but to put it in perspective, I bought one of my 1st properties in 1990 (at a peak), and sold at a significant loss in 1997, due to specific circumstances.

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.