Welcome Blaine, BP is going to be a great resource for you and your wife.Another amazing resource in SoCal and in your area will be the FIBI groups that host meetings every month.  

There are also a number of real estate investors in the area to help out (myself included) we usually host monthly meet ups but with the summer it is a bit more difficult.If you have questions let me know.http://www.biggerpockets.com/real-estate-investingMike

Wells Fargo does not want the home moved without its consent, so the 'cloud' the title with a document that says unless Wells gives a blessing, the home can not 'legally' move.

I regularly attend the meet up in Fairfield hosted by @Jonathan Makovsky which is an excellent meeting.

Recording the memo is optional, which is simply done to cloud title. 99 times out of a 100 it isn't necessary, and what you're trying to protect in this value range typically isn't worth the headache and potential bad publicity it might create.  

@Stacey Olson I hosted an Official BP Meet-Up with Brandon Turner last night, and I wish you had been able to attend!

I have shadowed a local investor in looking for rehab properties, participated in auctions by the court steps, getting my hands dirty renovating the properties, staging for open houses, hosting open house, and signing loan docs (i'm a notary).

You must be able to communicate with buyers, sellers, contractors, lenders, employees, and a host of others.  

I host a country music radio show out here in san diego, I freelance for Country Weekly magazine, interview celebs all the time, go to red carpets, yeah.  

I've never dealt with this before, but I'm guessing the safest route is to get a title co. to run a title search and see what clouds there might be on the title and then that will hopefully tell me all of what could go wrong from a lien standpoint.