Lower rates often have higher application and origination fees - plus prepaid points. 

With that being said if you get lucky you can hut the ball farther out of the park with this method, on a ROI basis, then any straight RE play.I am not sure if this helps you, but hopefully it gives you another perspective on your potential deal.Good luck,Arlen Arlen, I really like your play to rent to tech startups, and take equity instead of cash (maybe for at least a portion?)

If we can't, then onto the next step.Second we must attempt to hand deliver the notice to each tenant by handing the notice to a person of suitable age and discretion at the tenant's residence, AND deposit a true copy in the U.S.Mail, in a sealed envelope with postage fully prepaid, addressed to the tenant(s) at his/her place of residence on the same date.  

I looked and couldn't find any posts about this, but I play a game called 'Capital City' which is pretty much an iOS cashflow game by Rich Dad.

@Krystal Richardson If you are sending out numerous letters to numerous leads, instead of splitting hairs on this detail, the most important factor is to get the letters out and get the ball rolling so that you aren't holding up the process for the relatively small detail, splitting hairs so to speak.I am always interested to see how the probate play works out.

I don't think you're providing enough information about the situation, the actual bid amounts will play into whether this is a good deal or not.

I may have overestimated the rehab, but played it safe.

It's like playing poker.  

However, I am looking to move closer in and have been hunting through LA's neighborhoods myself in trying to decide where my next play is.My thinking has been influenced by David Schumacher's book - Buy and Hold.  

This is a long term play and that's why most fail.