It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

The faster you get the first one done, the faster you learn what not to do and then can get on to the next one.IF there are any specifics you need help on feel free to reach out.

I would like him to leave/move out and I can find another roomate and start again (like I said I've been living there for 15 years I consider it my home and it's ideal for my commute to work), my landlord called me today and said that he was going through the laws and what not and because of covid and recently passed California tenant laws that he can't evict him, so he is between a rock and a hard place.

If you go belly up on that property, you will still be required to pay back the lender and not just the lost equity, but all the fees and what not too.

I for one am self taught, learning by experience as I go along what to do and what NOT to do.

My wife is an office manager at the biggest financial firm here locally and she has access to many cost saving techniques and connections with the accountants/bosses and what not in the office itself that would normally cost people quite a bit of money an hour just for consultation. 

What should I be worried about and what not, and whether I should proceed further with the deal or back out?

I feel like no one in the right mind would sell their home at a discount but you said it well, some people whether it being personal issues or what not might just want to get out. 

I'm a big believer in learning from mistakes - even if they belong to others.If you're trying to make connections - Indy has several Facebook groups for local investors that you can join and get further market insight, recommendations, and whatnot.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.