This is what makes this very tough for a homeowner to buy something to live in. as they get lazer focused and it never goes to sale. they waste time and energy chasing it.And if its LA if there is any equity at all you will have massive competition..For due diligence simply order a preliminary title report for a few hundred and that will tell you the story.. some auction sites will publish the TSG  but not all.good luck

f=3&t=6969

The title companies are really helpful in assuring that all i's are dotted and t's are crossed and everything is legal.

This is simply reporting, doesn't get you in trouble, doesn't trigger audits, just gives the IRS a flag.

Also, you will have to file 990-T every year that you are collecting rent on the portion of rent after expenses attributed to the debt...look up UDFI but you need a tax guy for that as there is a formula.

Imo Inglewood will probably have double the appreciation long run simply due to lack of available land.Good luck!

What if the company simply goes out of business or closes down?

Will all delinquent property over 4-5 years old all be simply vacant land?

Here's what I'm seeing for PITI: Mortgage - $580 (at 5%, 30 year fixed) Prop Tax - $140 Insurance - $60Then for VRMT (T for taxes covered above): Vacancy - $93 (5%) Repair & Maint. - $185 (10%) Prop Mgmt $185 (10%)And last, Cap Ex. - $278 (15%)Summing all of the above monthly expenses is $1520This is giving a monthly cash flow of $330.

If you're looking to buy an investment property or a home for yourself, or simply looking to sell.