My Chase Private Client banker mentioned that this could be done through their commercial arm, and I suspect I'd get decent terms from them, but I'd rather compare and contrast a few options.Anybody have thoughts on these options? 

@Basit SiddiqiSomeone told me to open a chase credit card and only spend buissness stuff on it and then the statement counts as a audit trail.

Its all about chasing them down finding them and talking to them belly to belly..

And with the interest in tax sale properties, the multi-dollar tax deed purchase course and materials, you are going to have hoards of buyer chasing this small number of deals, pricing them up to the point they are no longer deals.  

@Mike Mitchell - One other option you could do is record the land contract AND record a satisfaction of land contract as well, then the county typically would chase the actual borrower.

You'll be up against dozens instead of hundreds of other investors chasing after the same deals.Biggest thing to look out for is dirty title. 

ThanksI don.t  although there is a tax sale title co.. that specializes in this.. cant recall but when I checked with different title underwriters no one was willing to write title insurance for lenders based on their policy.We got it done because we were a large client we never even waited the 1 year once we got the deed we could sell next day and get it insured.if your one off I really don't know who will do theseMany want you to wait 5 years or quiet the title.. which in some states is a normal process I suspect in CA its a little more complicated and expensive One simply because lawyers are more money in CA unless its rural. which this could easily be since that's where most properties that are lost are bought in Ca.make sure you determine you truly have value to chase also.. a lot of tax defaulted properties in CA the actual street value is nebulious.  

I can tell you there is a lot of big but dumb money chasing tax liens right now.

not only am I a novice regarding real estate investments, but I’m also not very handy to complete moderate or major home projects, and the idea of chasing down past due rent is not exciting to me either.

Skip the bargain basement properties since you will be chasing and evicting marginal tenants.