I'm glad I did -- it's great to see the operation and understand to what extent they renovate the properties.

If I understand you scenario, Yes, you would have to have a contractual interest in the property to receive a fee.

@Joseph SkatesI'm not sure I clearly understand your question.If your business is collecting waste then you will most likely have a couple of possible revenue streams: a dumping fee you may/may not charge to folks who bring the waste two you;scrap fees you may collect on sale of the various component elements you extract from the electronics.Depending on where you are, there may be a provincial program which will supplement one of those revenue streams (kid of like the tyre levies charges my many/most provinces).  

I understand lawyers cost $$$ but I'm sure it is not going to kill your budget to ask them a single question.

Without understanding the full picture, I would agree with the previous posts regarding the HELOC - as long as the new cash flow covers the HELOC.  

I'd love to meet up some time or talk over the phone about what opportunities there are right now and help you understand our market a little better.  

I understand what you mean about the area you are in.

I live in San Diego and understand what the SoCal market is like. 

Brian in addition to what @Rick S. mentioned, I would also have the seller have the tenants sign a statement - which you will provide - that they understand they must move out within 30 days after closing (which will actually be longer for them considering it seems like your just in the beginning stages of purchasing) and then assign a dollar amount for each day the tenants much pay for each day they go over 30 days - think incrementally, to give them an incentive to move out.

I am more than likely going to obtain my license to just help gain an understanding of the workings of the real estate business and laws.