If I didn't want him in the unit I would simply give the appropriate notice to terminate and move on.

I have found a property that the owner:  1) has clear title; 2) property taxes are current; 3) the HOA has assessed a Notice of Trustee Sale; 4) Since the filing of the HOA NOD, I have also calculated the HOA dues and assessments that will have to be added to the potential investment. 6) Reviewed California Law on waiting periods for a) owner's termination rights, (NOTS 90 day redemption period - starts from date of sale). b) renters with and without lease contracts or if the homeowners is the occupant .My Questions: Please respond with answers applicable for California Law 1) If there isn't a 1st Lien in place or recorded, then I can assume most likely one doesn't exist?  

Like the others have said as long as cash flow is good and you are willing to hold in the LONG TERM in the event of a 20 or %30 market correction and you feel rents are a touch flexible then go ahead.

I also keep long term in the short term decisions.What ever you decide good luck and Merry Christmas and happy new year.

New ferry terminal going in near Marina Bay.  

I had already found a new one (thanks to BP), but had not yet signed a contract, since they wanted a termination agreement severing my ties with the first one before accepting me as a client.  

Some stuff happened and they kept trying to have me sign a termination of contract or something, which I refused to do so, I just wanted the property.

@Rashad Jennings,  don't charge a termination fee. 

(ie.. the doors open, the windows work, the furnace works, and smoke alarms are functional with 10yr batteries).  

@Drew AdamThe 30 days notice your lawyer noted is likely due to your tenant laws for termination of a month to month lease.