I have some real estate holdings in Southern California and so I tend to watch the market pretty closely. According to http://www.car.org/marketdata/data/haitraditional/HAISoCal/, the affordability has drastically dec...

I'm currently looking to acquire non-performing notes (1st lien, residential) nationwide, so learning about the nuances of different markets is invaluable.

If a former tenant has a solid job I turn their outstanding - unpaid - bills over to collections and get what they owe.

Most likely you have buyers but those buyers don't have a service company (IN FL AND MANY STATES THAT DON'T ALLOW YOU TO SERVICE YOUR OWN LOANS YOU NEED A SERVICE COMPANY) plus they don't know today's nationwide prices. 

The security deposits are for you to hold in trust, to return to your tenants when they leave (less damages and outstanding balances).  

That's outstanding!

Attorneys don't often come after unit owners for outstanding late fees, they come after them if they are more than 30-60 days late on the fee assessment altogether.

I live in Los Angeles California looking to connect with other Investors Local & Nationwide.  

Of course there are the exceptions like depressions, major recessions, the 2008 market crash, etc which can have an adverse effect on all property nationwide, not only in the SFR sector, but other sectors of RE as well.I don't study enough markets across the US to answer your question so I will not attempt to Sean.

PER OUR RECORDS THERE ARE NO OTHER OUTSTANDING DELINQUENT TAXES FOR THIS PARCEL.