(Or at least the date listed in the complaint as the month of default, by the plaintiffs own admission)

The grass is always greener...If you never read "Acres of Diamonds", a short essay written maybe 50 years ago and popularized by Earl Nightengale, take a moment to read it.

By your own admission, you are asking for ways to get OUT of the contract.

Below is a link for information on a  RE meeting that meets once a month in West San Jose ( Harry's  Hofbrau  Restaurant)http://www.meetup.com/San-Jose-Real-Estate-Network...Drop in admission is $15 unless your a member.

Some contracts you will find online contain provisions which are basically an admission that you intend to commit a crime under local law. 

Would require a real good hands management on your part if you want to make it work in your favor - especially, since by your own admission that the mortgage is pretty high. 

This will create a paper trail which could help if it needs to continue to court, and the tenant's signature is his admission of guilt.DISCLAIMER: I am not an attorney, and this is in no way to be considered legal advise.

@Cortney Chaite probably not what you want to hear, but if you aren't ready to buy a property, by your own admission, you arent ready to buy a property.

Appreciation is a very market specific topic that I am sure we can write essays about and it is more volatile than returns from rent.

Piece of mind is worth the price of admission.