. - I bet some folks will chime in.Mike

This may not be the answer that you want to hear, but I would suggest partnering with an experienced investor and potentially having him/her provide some of the financing.That's the best bet in my mind, you can take the learning experience as your profit on the deal.

If you decide to stick with SB, just know how to run numbers and unfortunately flipping is probably your best bet (unfortunate in the since that it's high capital required to do it in SoCal).

Don't bet on it that there is another offer.

That's a suckers bet.

That means I'll bet that deed in lieu will be frowned upon more aggressively than it is here.

@Stephen Masek you're right, there should always be contingencies and you should always hedge your bet.

@Ahmad Hijazi your best bet is to take policy and have someone or yourself ready to remove immediately.

The partying is gone in many at that point and they are getting degrees versus freshman and sophmores finishing core classes and being sent away by mommy and daddy to do something with their lives.The key is getting the parents to guaranty the leases and take hefty deposits to offset damages.

Based upon what you said this must be on its on lot versus in a park, correct?