Welcome to the community, Nish. 

The fact other properties have chewed up sidewalk isn't a sound legal argument either.

Not all great deals are listed on the MLS.

The last few years have been great for investors/homebuyers who bought pre-con, but looking back to the few years after the 2014/15 boom, this wasn't the case, where many had actually committed to buying a property that wasn't quite worth what they signed up for closer to closing because the appraisal weren't matching the contract price, requiring a cash top-up.

That leaves $400 to cover taxes, maintenance, vacancies, etc.Now, let's pretend ALL your expenses come to $2,600 and you have $400 left over.

🐂 EVENT of the month….

Then I put about $45,000 in fixing it up and I expect the appraisal to come back within the next couple of days at $240,000 or higher. 

Appreciate the tag @Aaron Zimmerman!

and if you don't have enough money to house hack in San Diego... save up until you do.and if you want to move somewhere else, house hack there. 

During this journey, I discovered the world of house flipping and real estate investing in the U.S.