Since this is my first go around - I'd really appreciate advice on the following:- any references on lawyers /firms to work with to go through the Barment and foreclosure process without breaking the bank.- Ball park ranges - what can I expect the cost of this process to be?

How did you find this deal and how did you negotiate it?

I've only owned a couple sfh am middle-aged and not sure I agree with flipping sfh at this point to create wealth, time freedom and passive income so I have been reading and there seems to be a lot of talk with multi-families and more specifically apartment investing.

Purchase price: $100,000 Cash invested: $30,000Property is valued around $315kForeclosure purchased from bankNo renovations since 1978What made you interested in investing in this type of deal?

Hi Dave--- I'd like to add to this too.

Is this someone who is famililar with tax sale foreclosures?

I don't know anything about LA, but is this a property (or area) that would interest you? 

A good indicator of this would be analyzing the HUD Fair Market Rents year over year.

Again this requirement directly impacts me. 

The lot is almost perfectly flat which makes this significantly easier.