Maybe someone could provide some insight and educate me about them.It is my understanding that if I have say $100k, I can use it as collateral to secure say a $300k loan (leverage percentages are just examples and could vary vastly).

Pay them a few hundred to look over your lease and discuss issues of concern with them.Also, NOBODY moves in and gets keys unless they pay the FULL security deposit and ONE FULL months rent.

Noe I don't recall, seemed like it also said that the security agreement could contain provisions for a deficiency, if so, under those circumstance the lender could seek the deficiency, so read carefully....I'd guess most lenders would go there if it's allowed.

Make certain it specifies you receiving the security deposit as I believe you will owe the tenant his deposit whether or not you received the funds from the seller.

Granted Glendale is not as depressed an economy as Vegas.A 14% vacancy rate is very high.Check to see what average rent is for units like yours.

Being a business guy, I'll assume I'll be secured, that you will perform and in the event you don't I can replace you easily.Just some initial thoughts, from there I can see if you have your ducks in a row and we can go from there

The back parcel, another .33 acres, was never secured by the mortgage and is still in the previous owners name.

Security pin door, she doesn't man it.

I would assume that if there was a mortgage agaist the property, then the lender would have paid the back taxes by now to secure its interest in the property versus letting it go for auction.

A Grant Deed warrants or assures a certain condition of title that is insurable for a sale to a 3rd party buyer.In the big picture, it may be easier to think of probate as a title matter.