Now the way to combat this is to do the same thing as multifamily, have more properties.

My suggestion (along with the one where you get an attorney to combat the HOA) is to contact a landscaping engineer/architect and have them draw up a plan for your property to "guide" the water as it comes it. 

AricaI live in Colorado and it may be similar to where you are in that properties are so overvalued currently that it may be very underwhelming what you get for $1MM.For your questions, there may be some recourse if it would be proven the financials you were given were intentionally fraudulent.

Is that fraudulent?

I'll preemptively apologize if my post seems combative because that is not my intention. 

Account Closed  that you for keeping this in the forefront.. its a HUGE problem..State of CA even has a disclosure form that agents must use now in transactions that specifically warns buyers and sellers of these fraudulent thefts.title companies and most closing attorneys have big bold disclosures on their signature lines about wire fraud.. my company sends about 30 wires a week.. and if its not to our known vendor or title companies we do phone verification and other verification techniques I cant discuss on line because I don't want the crooks figuring out how we figure out they are thieves.we have had it happen to us.. we get an e mail from one of our vendors but its a fake one and it usually says "  Jay we changed banks or bank accounts please send funds to this new account"  we have caught two that were fakes..

So to combat that weakness I plan on asking people in the are, like yourselves, for opinions on the area.

Writing offers when you believe you can't get financing is dishonest and could even be fraudulent in some cases. 

Educate yourself and learn enough about it so that you can combat those thoughts of making a mistake with confidence in what you’re doing through knowledge of the subject

A lot of them in the Bay are just tired of dealing with that occasional ******/combative tenant, and primarily do not want calls or headaches.