Thanks for lookingTo start I personally have ten years in the construction industry, so my initial plan is to do all the rehabbing in house buy purchasing REO and flipping them with my own laborers, now obviously I would need to speak to a CPA to see how I could structure something like this, weather I keep my GC business and pay out my business as a GC or keep it all together under the flipping side of the business.After I have weathered the battle of flipping several REO and have built substantial working capitol, id like to move into the buy and hold side of the business, continuing to purchase depressed properties and flip to rent.

@Kumail Zar, I would definitely second @Ivan Vargas - you need to look at several more variables.

Signing the waiver will block you from getting a commission because you will be in violation of several state rules and probably the licensing act itself if you say you are only an investor while acting as a broker.

Where you're currently standing then create several plans of action with the positives and negatives of each.

She also sometimes pays in partial payments which I've addressed several times.  

It is partially rehabbed but 2 of the rooms are severely covered in mold (bedroom and basement). 

And you own several properties throughout AZ and CA and the notes?

So, you'd need to determine if those costs are worth the benefit of building up that bit of equity during your time in San Diego and if you'd be willing to subsidize this property as a rental because you didn't have to put any cash down (Darrell in the linked article mentions this, though his scenarios were more like $100/month versus several hundred, if not $1k+ if you can't get that much rent).Obviously, the numbers change if you can find a property at a better price, a multi-family where you can rent out the other units, or are willing to relocate to a lower price area but because you mentioned wanting to stay in that neighborhood due to family, I stayed in the 92124. 

And whether it is labeled as an Attorney Fee or Doc Prep or something else on the Settlement Statement, the borrower is paying several hundred dollars or more for it.

@Paul YousefI had to read your post several times as I thought my eyes were playing tricks on me.