If it’s legally a 2-family and you’re buying it as a 3, that can cause major headaches with insurance, violations, and even your loan.

Signing a full 12 month lease is possible, however, they may likely break the lease and your ability to pursue them for the damages may vary depending on state statutes and local city ordinances.

The SD is your protection against damages, not unpaid rent.So, watch your property carefully to make sure they don't do anything retaliatory.BTW: did you video your walk-thru 2 months ago, so you have proof of the condition?

@Sarah MariumThe Real Estate Crash of 2008-2010 caused real estate prices to crash across the country - but didn't affect rent amounts.

A while back, we took on a house that had been gutted by fire — smoke damage throughout, waterlogged framing, trashed insulation, no drywall left worth saving.

You want to remember that even if you move your portfolio outside of CA using 1031 exchanges, they still have a clawback.

Look for a policy that includes liability, guest damage.

These specialists can inspect and, if needed, seal foundation cracks—either from the interior or exterior—and install interior perimeter drains that lead to a sump pump If there are signs of structural damage—such as significant foundation cracks, bowed walls, or uneven floors—a structural engineer should evaluate the situation before major waterproofing work begins.

Be sure to factor in hidden issues like water damage or structural problems before committing.

Document everything and if you can prove harm was caused by their action or inaction; that puts you in a better position to have them respond.