Can I get into my own delinquent tax contract with the same payment structure?

On another note, you have some fairly restrictive laws regarding private lending, consumer protection (seller financing to an owner occupant) and loan servicing in CA state so make sure you are allowed to do this on your own and understand the licensure requirements to lend, broker loans, and service them as well.

Is this a good time or should i wait.Hey Kafka, I'm an agent and investor in Sacramento. 

I'd also recommend getting your own quote for insurance.

Under the IRS rules, a person  qualifies as a real estate professional if: (1) more than one-half of the personal services the taxpayer performs in trades or businesses during the tax year are in real property trades or businesses in which the taxpayer materially participates, AND.....(2) hours spent providing personal services in real property trades or businesses in which the taxpayer materially participates total more than 750 during the tax year.Like @Greg Scott and @Russell Brazil mentioned above, I don't believe that you would qualify as a REPS, but if you are going to try it, make sure you document it very well (i.e. with some kind of proof, like time cards, mileage forms, and/or receipts, etc.) so that just in case you do get audited, you at least have something to provide to the IRS agent. 

I own two duplexes in Beverly and have contemplated turning a unit into an MTR but LTR is just easy money honestly. 

Yes, you can provide your own tech.

Long-Term: Own enough properties to build a monopoly board.

So here are my predictions, feel free to offer up your own:1.

Did you have a good agent on the buy side?