I also second the video comment above. if the unit is abandoned your local laws may state that you have to store any items left behind for a period of time. your video is proof that the unit is empty and they did not leave behind their "expensive family diamond collection" which they would sue you for if you have no proof.Once you have new renters in there, document the days you lost rent and take them to small claims (if the amount is low enough). once you get a judgement you can try to collect from there.

Here's a little bit about my situation...

Any suggestions in regards to the phone situation?

That situation is what I need more feedback on. 

This isn't a huge issue for me because I will be making great cash flow from rent every month after a quick and minor rehab (that I will be doing myself).Has anyone been in this situation before or can anyone offer some advice?

Being situated between Woodland Hills and Encino, I would assume Tarzana's prices should eventually blend with its two more expensive neighbors.

Other than coming up with 20%+ down on the full amount, how could owner financing play into this situation to limit the amount of capital required upfront?

I would say this is a very normal situation.

Has anyone dealt with a situation like this?

I wanted to put this out there for the new people even though it will likely be a minor situation.