This will put you way ahead in the game of preserving and growing that wealth bucket.Good luck!  

The best way to make everybody happy in this situation is to try to get the seller on the same page of wanting to preserve the integrity of the neighborhood.

The idea behind it is actually to help keep a certain number of owner-occupants and hopefully preserve your property values.

Return it to the Tax Collector's office with a notation that the taxpayer has not paid you for preservation improvements, so you have not signed. 

I started a painting business 5 yrs ago, scad painting and Preservation, looking to for new clients in the area, tired of working for the middle man, looking to work directly with investors, I can provide roofers, plumbers, drywallers, flooring, pressure washing and the painting for a competitive price, I'm a small business, not too fancy yet, but my work is grade A

Exterior preserves your property.

Contentment and capital preservation that exceeds inflation a couple points for the most part is good for me.What are your goals?

This, I would argue, reinforces the assertion that Californians are in fact looking to invest in real estate for cash flow, not just as a wealth preservation vehicle. 

My definition is immediate cash flow with capital preservation as the first priority, tax-friendly, at least 7 or 8% preferred returns with depreciation paper losses, and all-in after liquidation an 18% or higher annualized return.

This gives you a chance to preserve the retirement funds (you'll pay back the loan to the 401k) and avoid taxes and penalties on a distribution.While self-directed IRAs and Solo 401ks can be great tools to invest your retirement funds into real estate, they don't generally help you create income for yourself immediately.