Or a pipe or water heater has been leaking for weeks?

Did bubble foam test and infrared test and found nothing from gas lines to stove , or in the gas water heaters.

I can only imagine that after being under water for 5 years, its tempting and rather exciting to exit, but who knows for sure.

I wouldn't do any deal without having at least 10k in reserves at a minimum to cover anything that unexpectedly goes wrong -- don't drain every ounce of your cash just to get started.

From some research it seems like water sensors near water appliances, quarterly inspections, water proofing under sinks are some ways.

Aside from Gardena, Inglewood still has opportunities , Hawthorne is well positioned with many catylyst for change, and San Pedro's water front development will be a game changer for their mkt. 

I think views matter more when there’s a patio facing the water.

I put the rehab months as 150 months when I thought it was days, and as for water/sewer and house utilities and expenses are low.

We found the PM has been burning through our money (almost $2,000 for 2019 plumbing bills, due to hiring people on weekends for simple things), not calling us in a timely manner when we had an unrelated issue cause water damage!

You are paying 100% - Water - See if you can get the tenant to pay for it