I would recommend measuring your risk aversion and talking with a local attorney to better understand the two options available to you.

Write down your goals as they should be measurable.  

(there was a insulation measuring guide by attic entrance, this makes me think this was recently added)*crawl space also had new foam insulation and looked very nice,  found some mold (yellow fuzzy) on one beam but inspector said it was most likely from before it was redone and could be cleaned up fairly easy since it was not in a living space. 

Oh got it, thanks so much @Calvin Kwan I know Oakland residents are also voting on a measure today that could drastically change the composition of folks on the rental board https://oaklandnorth.net/2016/10/28/oakland-residents-to-vote-on-rent-control-initiative-this-november/

Also, make sure you are aiming properties in "Hotel" or "Bed & Breakfast" zoning.

I bought "What Every Real Estate Investor Needs to Know About Cash Flow ...and 36 other key financial measures" by Frank Gallinelli.  

@Jacob Eddy, there are several ways to measure how good a deal is. 

Someone asked this question the other day and I stated that I aim for one year of non-discretional expenditure reserves per unit.

Aim to get the first 10 "easy" mortgages and then go to the portfolio lender.

Did he get into the tank to measure it or is he assuming it is too small just because the basement gray water is discharged to daylight?