My idea was that down the line I would demolish the existing house and build a MFR since it's zone for that.

Low down payment options exist and there is much less risk.

After a few years of existence, the typical HOA winds up with mostly disinterested owners who will not show up for the annual public meeting where HOA officers are elected.

It's really no different than refinishing existing flooring or repainting, replacing a broken window, or buying a new washing machine when the existing one dies.Now if you were to do something like upgrade to hardwood floors from carpet, that might be a different story. 

With respect to the abandoned properties (existing structures), I search thorough the city's code violations website and I see tons violations and they appear to be very intimidating, to me anyway; as a rehabber with a buy'n hold philosophy, I would not want to be hammered by the city once they find out that we are the new owners. 

@Ben BardI dont a bank exists these days that doesn't offer mobile banking and online bill pay services.

Or if it's the right deal an existing business with good ROI.

We have talked to both existing lenders who say that transferring the title will trigger the DOS clause and while I don't expect them to hang out at the county recorder's office or do searches on a regular basis, it does bring into question the whole topic of insurance.

Hello All,I've been searching for REIA's in the Antelope Valley (Palmdale & Lancaster) in the County of Los Angeles and it appears none exist at the moment.

Equity doesn't really exist until you sell the property - until then it's an estimate of equity.