Will it need to be replaced in the near future?

You may have better luck with a cash out refinance, which would allow you to pull equity from the property by replacing the existing mortgage with a new one.

I am sure there are lots of different reasons for it. well they were replaced by those crossing the border 750k out of 42 mil probably not that big of an impact.. traffic is still really heavy I was just there last weekend in the SF bay area no signs of the state looking like some of the dead cities one finds in the rust belt or deep south.

- Does the "final inspection within 1 day of closing" replace my initial inspection contingency?

My water usage bill is the same,  general lability coverage is the same, if and when I have to replace my water service line it will cost the same, the cost for my lawncare and snow removal costs the same, exterminating services cost the same and the list goes on.   

For rents to increase faster than inflation, there must be significant and sustained population growth.Sufficient income to replace your current income: This will require multiple properties.

In fact, since the pandemic and inflation hit, the 2% Rule seems to have all but disappeared in all real estate discussions and been replaced with the “1% Rule” in this tighter market. 

For example one family wants to repair the roof and the other wants to replace it.

But if you are more experienced it in no way is a replacement of any of those services.

She's again looking for a business plan :)As my goals for real estate progress and our event rental company grows, I'm looking forward to the day where it can be income replacement and I can quit my day job!