Had to go higher on my deductible to bring it down. 

2) I’ve allowed pets for 20+ years and have yet to have pet damage in excess of the security deposit. 3) once you’re vacant an extra month you could have replaced the carpet with the lost rent. 4) what’s the plan when you wait all this time and then your tenant brings in their ESA dog?

You'd only need to bring the difference between the balance on his loan and what you agree to purchase the property for and your share of closing costs.The term is "Subject to" which is short for Subject To Existing Liens, Deed of Trust, etc.

I feel your struggle to find someone to trust from over state.

If this brings the whole building out of rent stabilization, then you can charge 2000 a unit instead of 1200. still worth it even with 1 less unit.

Can’t help but feel like a complete idiot as a first time buyer in this market but nervous and excited at the same time!

This brings flow back down to 2700/mth with zero money in and 13 mths time. 

Could you guide me on how to transition my career, the necessary documents I need to bring from the Philippines, and what steps I need to take to sell properties in California?

Anyone in the Tri-State area, feel free to reach out.

It’s always a good idea to visit the areas, connect with local real estate experts, and really get a feel for the market dynamics.