That way you can save some $$ plus you will able to learn everything you need to learn about the deal, paperwork,  Art of negotiation strategies who's involved in or what not with the deal for FREE while you're PHYSICALLY out there at the subject property. take notes lots of notes while at it!

Wait - one day you may get a letter from the association which informs you that the decision has been made to make upgrades to the roof/windows/parking lot surface/etc. and ask you to write a check... no miracles in this world - things get old and have to be upgraded in physical property, and this will be your version of CapEx.

Hollywood Hills #1 btw.Here they are with ranking.Studio City 2Toluca Lake 3Woodland Hills 7Encino 12Sherman Oaks would have probably been in there being between Studio and Encino physically but it gets lumped in with Van Nuys I think so no rating for S.O. available.

For this reason pick an area that is in close proximity or is easily assessable to where people might want to work, shop and have fun.

So far I am a little bit familiar with Homewood as I spent the month of July staying there and enjoyed its proximity to downtown but am open to other nearby suburbs as well. 

Your primary residence is your mailing address where you physically reside, the mortgage company isn't going to have an issue.

Tracey, Because of the proximity to the hospital, Woodlawn is excellent for a buy and hold/cash flow property, and you have the comps to prove it.

Although we live an hour away, we physically drive to the properties each month and collect rent.  

It takes some bad circumstances to cause someone to lose significant equity to foreclosure, which is why it is more rare.Of the homes that have low note balances, any investors physically at the auction will snag them up.

@Rashida Reid yeah those pesky realtors are always getting in the way ;PIf your content to deal with realtors, I'd suggest going to their physical office location and talking to them in person to get started.