I am surprised but people in SF Bay Area are still buying properties over $2M as if they don’t care about $30-$35K of property insurance plus the interest on the debt over $750K.

Abstract fees (abstract of title fees).Charges for installing utility services.Legal fees (including title search and preparationof the sales contract and deed).Recording fees.Surveys.Transfer taxes.Owner's title insurance.Any amounts the seller owes that you agree to pay, such as back taxes or interest,recording or mortgage fees,charges for improvements or repairs,and sales commissions.Settlement costs do not include amounts placed in escrow for the future payment of items such as taxes and insurance.3) if there were other costs incurred to acquire the house such as if you spend money for tax advice, tickets to fly to look at the house( or milage)  and such also gets added to the basisGood luck

Roof and plumbing appear to be OK.

Take the pets photo, get proof of insurance, shot card registration, rabies and whatever else makes you safe and then I have no problem renting to pets.If they pass that inspection show up at their current residence and ask to go inside and inspect for pet damages.

For example, if you open a wall / expose and old wiring (specifically Knob and Tube) you must remediate all of it to get any insurance company to give you a policy.

However, the mandatory (since the home is still mortgaged) insurances (windstorm / hurricane mainly) escrows adds literally another $2,000 to their monthly payment.

Technical answer: because a sink involves plumbing, including a trap which can leak sewer gassesReal answer: Because the city are greedy, in addition to incompetant.    

While the gross income is $3k a month, you still have taxes, insurance, utilities, etc.

I will get $10,000 on the front end, $300 (minus insurance) monthly, and $40k on the back end. 

I am paying $55K, value ~$75-80K, insured replacement value $100K.