Hey Eric,As Arpan mentioned, a good place to start would be going to some networking events in the area.

My college major was Church ministry: youth ministry which is pretty unrelated to sales for the most part, but I am confidently able to plan events, teach/speak in front of crowds, and create event calendars/documents/liability forms.

In any event, it is on a good block in a great neighborhood, so it could make financial sense.  

It's an ok deal but not so great once I have to add in water extraction, repairs, and potential mold remediation.Has anyone ever backed out of a deal while under contract due to a sudden event like a basement flood?

If default shall be made as set forth above, then, in any of such cases, the Landloard may, by written notice to the Tenant, immediately declare this lease terminated, and in such event, in addition to any other action or remedy which the Landloard may have at law or in equity to recover damages or otherwise by reason of a breach by the Tenant of provisions of this lease, the Landload shall have the right to remove the Tenant by summary proceedings and thereafter the Landlord may reenter upon and take possession of the demised premises and every part thereof, either by force or otherwise, without being liable to any prosecution, action of damages therefore and have and enjoy the demised premises as of its former estate free, clear and discharges of the lease and of all the right of the Tenant hereunder; and the Tenant also shall pay to the Landlord upon demand all fees and expenses, including reasonable attorney's fees, incurred in connection with and in obtaining possession of the demised premises as aforesaid.

In the event of an notification of assignment of this contract, the Earnest Money becomes non-refundable and will be immediately released to the seller without future obligation.

IN this case neither applicant can afford the rent.When you end up in court you want to be able to collect from either tenant in the event one is not working.PS: for future reference posting or showing a indivulaes personal financial information collected as a landlord is a violation of their legal rights. 

Welcome to the community @Victoria Miller Attending local REI events and meetups may help in finding potential investing partners or mentors.

Mainly short business trips, convention center events or people visiting children at CSULB.Now comes the fun zoning laws:Zoning & Rental Laws: House is R-1N, residential single family on normal lot. 21.51.270 - Room rental.The conditions listed below shall apply to all room rentals.

Also what do you do in the event of lawsuits with those companies.