@Ray Tsang Thank you for the candid feedback on your experience! 

More on DSCR loans: DSCR loans won't use your income to underwrite the loan.

I currrntly own a home and am renting it out, I am working on purchasing a duplex.

Are you focusing on local investments within LA County, or are you considering opportunities outside the area as well?

With patience and a solid plan, you’ll be on your way to building a successful portfolio.Good luck!

Since this is my first go around - I'd really appreciate advice on the following:- any references on lawyers /firms to work with to go through the Barment and foreclosure process without breaking the bank.- Ball park ranges - what can I expect the cost of this process to be?

.: Quote from @James Jefferson: Hi, I have a family member that had a reverse mortgage on their property it's a 3b 1b 1 acre of land heats by oil no hvac and on well water.

What are your thoughts on its potential to deliver financial freedom quickly compared to traditional real estate investments?

Since you have capital,  focus on the market fundamentals and quality of the real estate.

Focus on paying them off (smallest to largest), and you'll be living large in 20 years.