I want to point you towards a few resources that I think will be very informative, and hopefully give you some clarity and  direction.SoCal can be a very tough market to invest in, and difficult to find decent returns as property values tend to exceed rents in a big way.  

@Mike Sattem Thanks, for clarity you're saying that I can approach a bank like US Bank to get a line of credit using my 5 free and clear 60k homes with out having any other income to buy my next property with?

Well, I wrote a little note to said realtor and bank stating that I would not sign a release until I contacted HUD/RESPA, The Real Estate Commission and the Banking Commission for clarity on my right to pick my own title company.

Thanks for clarity...will definitley do that in future purchase.Stupid question: Does it cost anything to sign a contract like this, or do they just get their regular commision?

I found this forum via google and was initially hoping to find some clarity from more experienced REO investors.

Give actionable feedback that will help them gain clarity and don't worry about making yourself feel like the man.

I am not correcting you- merely trying to gain clarity.

Do you think there is value in putting it into the lease for clarity and expectation sake?

Thanks @Bryan L. for the clarity.

The extra clarity will really help versus some cheap cameras the quality is so poor it's hard to get anything detail wise from them.