The gross rent is around $26,000 per month.The position entails managing the apartment building,  perform regular maintenance and repairs and work with bookkeeper. 

A separate loan is provided to the seller by a third party lender (who is introduced to the seller by the dealer).

And let's say the asset performs really well, and LP IRR is around 18%, a great return. 

Even if you plan to manage your properties yourself, I've found that it's worth it to have a good PM perform your tenant screening.

(Key performance indicator) I have a few ideas, but I do want to get some ideas from smarter brains (like you).

Many people consider moving out of LA - it looks like third world countries and the problem is getting worse.This article was published at Forbes, people who live in LA or visiting are frustrated. 

Could I sue for specific performance?  

The REO world has several differences compared to retail Real Estate.It is common for the listing agreement of an REO property to have unique or interesting provisions that allow an assigned agent to continue marketing a property as active (even when the seller accepts an offer) until that buyer has performed and the property is sold. 

Beyond that I have gone back to listen to every single podcast and learn from others experience to better prepare me and finally got past the fear and bought my first property a little over a year ago and now looking to buy my second & third very soon.

While we avoid NY Notes like the plague, when they are performing they are as good as any other.