The fee they pay covers the administrative costs of updating leases and tenant ledgers as well as re-keying the property, to ensure the departed roommate does not have access to the unit once the termination goes into effect.  

When the actives are done, wake-up the old defaulted ones and make them a settlement offer of 25% or so, unless it re-starts the 7 year clock on your credit. 

@Julie Rhodes You can use the state approved docs on the DORA website for free - they are fillable so you can just enter the appropriate information for your deal.

Dear fellow REIs and RE attorneys, Hi, I have couple of questions regarding to starting my own Real Estate company.

After my first condo purchase/rental, my appetite for RE Investments has grown considerably.  6months ago I bought my first 3 family from a rehab/flip someone else did as a buy/hold for myself.  

If I were you, I'd get my RE license and do that as a side hustle.

Find someone who is knowledgeable in that area of RE locally and ask them for help if you are doing this type of vacant land work

I would want a much better explanation than that before entering into a PSA with the seller.  

I am very pro San Diego REI investing but I am even more pro for newbies to invest local (i.e. in your case OC).There are a lot of similarities in San Diego RE and OC RE. 

I took the opposite road as you, been an investor for a while, just got my RE license.