I saw there was some sort of a get together here in the area - I hope to make the next one.

Even with umbrella policies, oftentimes they will still require a "deductible" of sorts before they pick up any additonal coverages that the primary policy doesn't cover.

Title Ins would not foot the bill here for any sort of legal battle, the The Occupants from Hell!

If I was out of town and looking, I'd be checking out DTLA, Culver City, North Hollywood, Sherman Oaks, Long Beach, and Costa Mesa, because they all sort of attract and sustain young working class families, and that's the type of MFR renter I'm familiar with, and those neighborhoods are somewhat affordable, albeit a tad sketchy in some areas.Now, if I had a bigger budget and better knowledge on the ins and outs of newer developments, I'd be checking out Santa Monica, Brentwood, Venice, and Huntington Beach, because they're nicer neighborhoods.What are you looking for?

As Bill Gulley pointed out, there is a sort of food-chain when it comes to real estate investing.

I've been sort of following real estate prices around the area, and it seems like I have some equity here.

Also I have noticed that the sort by newest listings does not work as well.

Sort of like a back-up / succession plan.

Is the partner going to get any sort of preferred return on his capital while it remains tied up in this deal?

I have a broker and funds have already been sorted out.