The records reveal only 2 dwelling units.

The Home Inspector report revealed major deficiencies in the rehab and the Home Inspector told me that the rehab was like “putting lipstick on a pig”.

Do NOT reveal that you are new and confused.

There may be a reason that will be revealed to you later, who knows?

That being said, I’ve seen a number of cases where the foreclosing attorney misses something in the chain of title that clouds the title or their search revealed a potential issue and they (and their title insurance company) didn’t think the issue sufficient to cloud the title and therefore were OK issuing an owner’s title insurance policy.

This would be a PASS onto the next property unless the land was valuable.The price is grossly overinflated.8,000 by 12 is 96,000 gross yearly rent divided in half.50 = 48,000 At a 10 cap you are looking at a 480,000 sales price BEFORE any immediate capital expenditures.Actually you would be looking at a factor of .60 because of the landlord paid utilities which can eat your cash flow alive..60 = 57,600 96,000 - 57,600 = 38,400 net income 10 cap 384,000 sales price.Your inspection revealed and bunch of deferred maintenance on an old building because the owner has been sucking cash flow out for years instead of making proper repairs.

I was able to get out because the listing agent advertised "move in condition" and REO reports found after the property went under contracte revealed damage from freezing.

The professional inspection would have revealed things to be done BEFORE I advanced the next payment to the contractor. ...Try getting your contractor to come back and fix things once he is fully paid!

The math will reveal that your payments will be higher than what you both can afford, even if you had the down payment.

Some simple due diligence will show the routing number is fake and not linked to any bank, and a simple lookup on California's secretary of state website will reveal the LLC the check is made out to was suspended long ago.