Failure to do so only delays the response time, or you may not get one at all.

I would make sure if it was installed in or above a finished space that it had a pan underneath it in case of a failure to eliminate/reduce possible damage.

If he makes the pit smaller and install the new pump, then he would guarantee it for one year.This property is in mid-west and I am out of state, so I can't really do it myself.What I am not sure is even if we make the pit smaller per his quote below: Would that solve the failure of the ejector pump?

Then you'll close your BP account and go into hiding, not wanting to admit your failures and will forever curse real estate investing as just an alternative to gambling.So people underwrite to decompressed exit caps because they want to be the guy in the first example. 

Okay, I don't know if everyone posting here has been living under a rock, you are setting a young guy up for failure by supporting absolutely unrealistic expectations.In order to clear $120k of net income in the Midwest you need a RE portfolio to the tune of 8 million.

Reorgs make it difficult to track failure.

You certainly can 1031 exchange from CA to Hawaii, although the California Franchise Tax Board will make it a little more annoying by forcing you file a new form (Form 3840) each year after you sell...failure to file the form will result in taxes owed. 

If they can't explain it then there isn't a systems and there will be failures.- Hidden fees.

Cross out language like this and replace it with negotiated terms such as automatic forfeitures and releases, penalties for failure to sign, loser pays attorneys fees, etc.

As i said, he isn't wrong, "IF" there was an option to just save up a few hundred thousand and buy that property cash with zero mortgage, yes it is "safe" in the manner that you can screw up and be horrible at finding tenants, managing the property and just overall life as a real estate investor, because there isn't a mortgage payment forcing you to feel the pain of failure monthly.