Otherwise, if you think the deal is solid I would lock it up in contract and have a plumber come out to assess the problem.

But maybe that's not possible and I just need to cash out now for whatever the market can bear.I'm also OK with hanging onto it for another year or so for rental income if I can find a good property manager to take over the day to day rental management but I'm worried about getting locked into a long term tenant with Berkeley rent control laws being so strict. 

We got a call from our agent who states that his lock box appeared to have been broken into and the keys were gone.

Working with property managers, you can have access to a lot more than just 1 unit; however, they have their own system in place and as a tenant you ultimately need to respect their system.For example, you can't just throw in your own smart locks, hire a vendor to clean the carpet, or your own enhancements, etc.

Oral agreements don't hold up in court.If you try to lock it up without being able to see the inside it's a big risk unless you have buyers willing to take it on.

Prices for investments are really low here - you can buy as cheap as $500 per house, some agents just give the lock box code to their clients - so they wouldn't have to drive.

Definitely very high for owner occupancy by me. a friend of mine literally just locked in at 3.5 on a 20 year yesterday.Of course it depends on your credit, etc.

I'm guessing I'm locked out of listing it on airbnb so long as this listing exists.  

He had the locks changed and a remnant the day after closing. 

I've been listening to the podcasts for a while and am looking forward to meeting more people in the community and learning even more.If you have advice/tips on commercial real estate/investors in wine country, or MF investments in the east bay, I'm all ears!