I don't think the terms are very favorable for you so you should buy at a discount and wholesale.

I am looking to buy wholesale and rental property in the View Park, Baldwin Hills area of Los Angeles.If you’re a local real estate investor and are looking for deeply discounted properties, I would love the opportunity to connect with you.I would like meet other local investors to network and possibly partner with. 

Discount!  

Hello, I am in Baltimore the Land of Pleasant Living..... and investing.This is what I would do;Pull a lien and judgment report - you need to know what is in the chain of titleIf the lenders do not step forward to protect their interest, contact the lender to make an offer to buy the mortgage at a discount - don't pay too much.

I am very familiar with my local market and also interested in continuing to invest here, but it is not a great time to find discounted properties here.  

Now, it is $500 maximum plus free or discounted lot rent.

Auto extension agreementsA list of reminder clauses to be used when seller agrees to finance; Subordinated agreement, Early pay-off discount, Substitution of collateral, First right of refusal, Principal mortgage clause, Interest only clause, Delayed payment terms, Seller option to buy back, lease back, Prime rate clause, Stutter clauseBeing ready to do business is a good place to start when getting into this wonderful profession.When you get the lead, be ready to close.Charles

Also, your returns can be significantly enhanced if you buy a distressed property at a discount and fix it up then refi.....

If you want to put in 40+ offers per year at a 40% discount...you need to either get your own license, or pay an agent on a per offer basis.  

If you are in a hot neighborhood where every property is going 20% over asking, Im not going to write offers at a 40% discount.