We have about 30K in low-interest (2%) student loan debt and 5k or so in credit card debt.

This is not true nor is it the proper order that a property gets listed as a short-sale.

Also, LA has very unreasonable rent control.It's hard to imagine anything in San Francisco proper for $100,000.

Those people with decent incomes, who took out extensive lines of credit, overused the credit cards, got that expensive home, car, boat, vacation home etc. and have been able to tread water to this point because they have had some savings (quickly becoming depleted) to keep out of the ditch--so far.

ThanksI'd join the local REIA (real estate investor association) and find out what the other investors were doing, where they're looking for deals, what type of deals they're looking for ie. subject 2, rehabs, lease options etc...then i'd let them know that i'm an investor friendly agent looking to serve other investors. remember to bring plenty of business cards with you to the meetings.

I'm sure as long it is notarized and properly prepared it wouldn't be a problem.

All was going well until the Title Search showed a lien from a credit card company.

Our expenses are not high and in fact are right in line with the average for properly run residential rentals.

The key word is “represent”, they would be acting as your agent and would need to be properly licensed.

This is a true statement but the only reason the did was due to the fact that they were not properly educated on the mattter.