Tyler.I grew up in the bay area and know exactly how you feel.

@Jason DiClemente my thoughts exactly, pool is a no go for me!

The problem is...exactly what is happening right now to you Jonathan, they dont hold up to water. 

In my area most of the properties with enough spread in profit cannot be financed due to their condition.

I know rental amounts vary depending on property condition.

How is the outside condition?

Are most talking pictures/videos to document conditions of property as well?

I knew I wanted to purchase a house, however my job waiting tables at a local Cracker Barrel wasn't exactly enough to impress underwriters.

You can look those up on BP.Define exactly what you're looking for and start looking!

You should ask for the leases and read them to see what exactly you are inheriting to better understand what you are on the hook for.As far as the past due rent, not sure why the owners think that you should be on the hook for them not enforcing a lease agreement properly, but maybe you can make a deal with them that passes on the $200 per month as long as he pays it.