Greetings BP, My wife and I have four rental properties, all tenant occupied (two in SC, one in DE, one in VA). 

@Chet Mazur  Chet I grew up in Cupertino  just FYI  Hwy 280 was not built yet and Stevens creek and Hwy 9 ( now De Anza BLVD) were still gravel  :)It sounds like with the equity in this deal and the fact Trustor ( assuming CA instrument) is not responsive that a sale may very well happen and you will get paid off .Hopefully you bought the note for less than face value and you will make a tidy profit.Good luck with it.you can hit me off line if you want as well if there is any other things relating to this

Check out Dr Dolf De Roos' books... he's awesome

Some people a little further north may also have a PA and WV license instead of DC and VA...and some people east will have a DE license as well.I hold 4 licenses, DC, MD, VA and MA.

This is the world of Delaware Statutory Trusts.

 @Wendell De Guzman obviously no one got my joke..... :( thats alright.... ill be here all night folks!

We seek to invest in outer borough and commuter county properties there, as well as acquire holds, flips or wholesales in PA, DE, MD, DC, LV, Houston & North Georgia. 

I picked up my first rental property in Delaware which was a huge learning process.  

I think he recommends building in higher wholesale fee than you think when starting out because your repairs and/or ARV may be off when you're just getting started and learning how to estimate.Here's Wendell's podcast with the guys from BP: BP Podcast 065: Creative Investing, Mistakes, and Bulletproof Vests with Wendell De GuzmanBest of luck!

Welcome @Michael De los santos!