Here is a guy on BP that stood up and said the due on sale clause was called, since you were asking and not bothering to look yourself. 

I say that because it looks rotted out and if that is the case then there is no telling how the attic is going to be and the trusses inside.

Congratulations on the Deal But I'm seeing a few red flags here.First how old is the house is southern cal. they stopped using plaster for interior finish in the early 60's but did not start using truss construction until the early 70's.

I've stood my fair share of mid watches and I wish we had phones with internet back then.

It was only the fact that I stood up for what I believe in and talked **** untill the cops got thier that those punks are off the streets today.Ya maybe I could have got beat & killed, but I did not "I would have crushed those punk *&^#@'s" I just did not want to end up in the back of the cop car as well.An officer looked at me worried he could not force me to go downtown and make a statement but he knew if I did not those punks would be back on the streets the next day.

Bought as it stood with 3 of units rented it would be at a 23% CAP rate...but then if fixed up it with 6 units rented it would still have a 23% cap rate.

I'm new to this as well and have nothing to offer in terms of parsing your list, but a couple of things you said stood out to me.

This country has been in debt since at least the 1890s...According to this, from 1950-1980, the debt stood pretty constant at around $3B.

Now from the looks of the roofline it does come down very low on the sides and I'm thinking my worst case scenario would be to have to tear the roof including trusses and build the walls up another foot or so to make that side comfortable, and put the roof back on.

I'm sure he was right.Besides a few instances, my conversations with him weren't about me trying to pick his brain about RE, he was a friend of my dads'.Here's my first adult encounter.When I started out, he was at a drive-in burger joint, near downtown having lunch, I kinda stood off waiting for a table and just nodded at him.