If the numbers are great (and it sounds like in this case they aren't), you can still take on these fluctuations, but it's dangerous when the numbers are tight.  

At 10%, you could make an argument it's in their interest to get fewer/higher bids. 

However, in my opinion, and you know what they say about opinions, entering real estate investing late in the game without a large amount of cash is DANGEROUS, especially when using a hard money loan in an area like the Bay Area.

And if you're in a higher price range with fewer buyers and longer days on market, you really need to price your home to be the next to sell in the neighborhood.

Mark Sprague at Independence Title said, “Last November, we began to see fewer listings on the MLS (multiple listing service), which is typical of a seasonal slowdown during the holidays.

I just tried calling again and her voice mailbox is full.I really need to get a hold of her because a tenant I inherited has mild dementia and I don't think she should be living alone because she does things that are a danger to herself and also the property.

Unfortunately, gas as is viewed as dangerous and a more sensitive area for PG&E due to a recent accident I've heard, so they are pretty strict with it.

In the end if it is common in the area you will have fewer problems renting then if it is unusual and you should educate yourself, know what kind of septic it is. 

If you are looking for a high credit score then there are much fewer people that will qualify.

But if you are looking to build a portfolio of properties, getting into an expensive one in a neighborhood like Newark could be dangerous.