I'm looking at buying some property in California that has a couple of junk vehicles.

Count the number of vehicles there early in the morning and/or late at night. 

I have mostly been profitable but not by a big margin, because we do use our place during season and enjoy it as a vacation home, it is not just a pure investment vehicle.

Wait till the 12 year old gets a stereo and gets into heavy metal . 

Only debt we have is student loans and one vehicle note.

As such, skip tracing often involves accessing the following: Phone number databasesCredit reportsCredit card applicationsJob applicationsCriminal background checksLoan applicationsUtility billsPublic tax informationPublic records databasesCourthouse recordsDepartment store loyalty cardsAir travel recordsDriver’s license/vehicle registration departments

For the most part I manage my money well, I have good credit, I make good income and the only debt I have is my house and vehicle.

Looks like at first glance it's intent is to serve as a market driven investment vehicle that focuses on certain areas that are likely struggling in the economic value/equity arena (sometimes these areas are the best opportunities but obviously one needs to be careful).Again at first glance I'm wondering if opportunities exist for those prepared to start a fund and execute (flip, rent, etc) properties within these zones, but also it appears intent is for these funds/investment products to exist for more passive investors. 

It was going to be a vehicle towards building wealth, passive income, and eventually, lead to the financial freedom away from the 9-5.

The paperwork is fairly straightforward, the marketing, materials, vehicle etc is all deductible.