Most of the high dollar areas of CA are notorious for very long time lines getting approvals measured in years not months and in some cases Decades..

I don't know, but 5 years in prison and becoming a felon is a pretty big deterrent to me.

It is a felony punishable by up to 5 years in prison. 

Warwick is technically the second largest city, but recently slipped to third because Cranston counts the population of the state prison to it's overall population.  

It's notoriously difficult to sue an inspector for negligence, so I don't think that's in the cards for you.Beyond that, unless you can prove it was known to the seller at the time of sale, I don't see how you get any liability for failure to warn/disclose. 

So if that's the case and you do under the radar and someone dies in a fire- enjoy living in prison. 

[Biggerpockets] is notorious for the no and no money down niche, but you really need to have a good financial runway prior to investing otherwise you will lose your bottom when it goes sideways.Read all the usual books.

Basements can be notorious for water intrusion.

https://coloradohardmoney.com/felony-charges-filed-against-airbnb-hosts-in-denver-2-years-in-prison-impact-on-real-estate/

Banks are notoriously known to have more stringent guidelines and regulations then Privage or HML.