I can tell you from personal experience that it happens regularly, that's why lenders generally require the borrower buy the lender a title policy indemnifying against actual loss caused by lack of priority. 

If the tenant offered to pay more, this could be a warning sign that they're trying to cause you to overlook something.

We were told that the previous tech exposed our new furnace (less than 2-year-old) and there could be rusting in the heater exchanger, which would cause the furnace to fail as well in the near future.

Prop. 21 is unnecessarily draconian and will likely cause more harm than good.

That added knowledge will cause you so many more problems than you an imagine. 

I feel like I have plenty of cause, but unsure of how to proceed lawfully so I'm not hit with cancellation fees and lose my deposit.The door locks are not consistent with property code; locking knob, keyed deadbolt & blind deadbolt.

I don't plan on ever holding or mortgaging the property especially since it won't cashflow.In my this sounds like a pretty straightforward play given the steady growth of the area's tech sector which I believe will actually be accelerated given a lot of tech companies are looking to open satelite offices in Canada due to the encouraging adoption of remote work, cheaper and abundant tech talent and uncertainty of american immigration causing a lot talent to move to Canada.The biggest risk I see is whether or not the specific property I buy will be in demand in 3 years:Who are the demographics that will actually be buying homes… not the 22-24 year old coming out of school and working at a tech companies but perhaps the late 20s to 30s folks who are settling with a partner and kids.

In that case, adding your wife could cause issues if not done correctly.

For example, the desire for larger homes with bigger backyards is causing people to increasingly come to the San Fernando Valley from central L.A and for those already in the Valley to trade up in size.

These seem like necessary items, but most clogs are charged to a tenant because it is their hair or their excessive use of toilet paper that causes a clog.