I learned years ago that I cannot (or should say will not) play in this scenario.

It is a numbers game.

had this happen to me to many times to count. the only time we got remuneration is if they had in fact filed the trustees deed and need to remove it.. then we could get a few bucks for cooperating but for me not worth the hassle and I would FOR SURE not spend money on an attorney. .that just is going to compound the loss and aggravation when you lose and you owe this guy money.. foreclosure big boys game win some lose some..

It's definitely a numbers game. 

We have the ability to pull more than the 20k out, but we really don't want to get ahead of ourselves being new to the game. 

The benefits of in house property management is the seller or turnkey operator still has skin in the game after purchase and can exhibit low costs for the long term investor. 

Live in SB, but looking to purchase multi family in some of the cheaper areas of the central coast to diversify my portfolio and get my skin in the game. 

If you want to be analyzing that many deals (even when narrowed down to 10 MSAs you'll be looking at a lot of deals), I would stress that broker relationships will play a major role in your success level, in terms of finding good deals.

I have played in this space as both buyer and seller.

Also watch your back the wholesale game is very very very very cut throat some wholesalers turn other wholesalers in sucks I know best advice I can say is build your network of cash buyers and send to them directly don’t blast things out would be my advice but some deals you have to blast out .