Of course you will probably get some level of it, because it is CA, but for instance if it's just a standard level of appreciation right now and you get a mortgage on a property....you'd have to weigh how much appreciation you'd actually need to even just make up for the interest on the mortgage. 

If protection is your main thing just get an umbrella policy of 2 million, that along with the 1 million you would get through your standard policy should be good. 

Since each roomie knows how strict it was to get in themselves...they dont worry about incoming roomies not being up to same high standards. 

or a depression child.for property worth      >>selling the buildings for around 1.6 mil<<He could make more in a standard (money losing) savings account.This may sound harsh, I am sorry.But this does not seem to add up.Maybe you should step in.  

Standardized contracts are used so both buyer and seller aren't likely to have any surprises from a legal standpoint.

I am purchasing an investment property through a conventional loan (standard 20% down payment).

That's not old for a house, even by US standards.  

We did not have any major capital improvements, pretty much everything done to the property was either a repair and or supplies, advertisements standard.

Most state Divisions of Real Estate also have their standard forms that agents use.

The more they see that you are involved in keeping your property up to the set standards the smoother it (should) be.We do have a few rentals in our community, but violations of the property go to the actual owner (whoever is on the deed).