Depending on the location and the aggressiveness of the landlord, he can get a judgment for the total amount owed, possibly interest on the balance until paid off, legal fees, re-rental costs, and can likely obtain a garnishment against both your wages and a levy against your bank accounts, all the while destroying both your credit for the next 7 years.Your best bet is to make an offer to the landlord.

Hey @Diego MendezuReal estate investing is a great choice and when done right it can be very fun and rewarding.I'm a real estate agent and an investor from Alpharetta, working in Atlanta area and I'll be happy to help out, meet, or just have a chat.

Since you have equity I’m sure you can find someone who will make that bet.

If you can not convince yourself why "this" method is better for you to do than "that" method you are simply winging it.So answer that question if you would, and lets see if your choices are sound ones!

Why real-estate:Like Robert Kiyosaki says in Rich Dad, Poor Dad, owning a house is a sentimental choice for many, while real estate investors stress the importance of securing assets, not liabilities.

Hey Jonathan,I'm a local wholesaler here in Houston as well.Patten Title Company & Patriot Title are popular choices since they deal with a lot of investment deals.Best of luck!

I’m not saying out of state is a bad choice, but perhaps for your first deal, get something you can drive to right away, get used to managing a property and tenants.As far as investing in LA, I would say, go with a multi unit first choice.

I know it's a long shot and likely impossible, but if there's a way, what do you think would be the best bet?

@Alejandro Buse  Of those options, Nanaimo is probably your best bet. 

If nothing else, I bet you could get rid of those closing costs.