There are foundation cracks near the area in question, but I haven't received any reports of water intrusion. 

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing! 

So, my budget then would have to take into account the rent i wont be receiving and i'll be paying the mortgate and expenses out of pocket. 

Just like New York City, Long Island, Westchester, Northern NJ, Fairfield Connecticut and most of Massachusetts, you cannot beat the appreciation and demand for rentals when compared to OH, AL, MS, etc.As I tell everyone, learn to play the game, and you'll do fine in just about any area. 

Travel nurses, for example, tend to be female and like being in female only accommodations from the feedback I received.

.  :-)We’re doing just fine and we’re attracting more Californians than we need. 

If they are receiving payments they "have your file" in order to credit your account.

The future buyer might have their own engineer walk when you flip it but if it's done right you'll be fine

Just be sure to read the fine print and watch out for any fees.

If any of your properties are discovered by City officials to be unregistered, you can receive an administrative citation for failure to register; this penalty can cost $100 or more per property.