@Edgar SepulvedaWhen we were in Socal We looked at markets of Big Bear, Palm Springs area.

In reply to you 3 (thank you btw, I'm new here, so bear with me)... let's just say it's a hunch.

—In all criminal cases, contempt cases, and other cases filed pursuant to this chapter, if a party has sold, leased, or let real estate, the title to which was not in the party when it was offered for sale, lease, or letting, or such party has maintained an office bearing signs that real estate is for sale, lease, or rental thereat, or has advertised real estate for sale, lease, or rental, generally, or describing property, the title to which was not in such party at the time, it shall be a presumption that such party was acting or attempting to act as a real estate broker, and the burden of proof shall be upon him or her to show that he or she was not acting or attempting to act as a broker or sales associate.

There are a couple of moving parts so please bear with me. 1st, I have poor credit.

It's my job to make sure he doesn't have to pay more than what the market would bear to an arm's length buyer.

I believe that prices are going to continue to go up and, at some point, we're going to see another mini bubble period until new construction can get back on track.You simply can't continue to provide housing for people when there is so little new construction going on when compared to what a normal market should bear. 

I have never felt so close to my first real estate deal in years since right now and its been all thanks to everyone that participates in and helps people that are bearly starting off like me.

If our market could bear a higher security deposit, I would do what I could to get it!

Repairs need to be specified, then if agreed to, you have an enforceable agreement, to a point within reason.You might agree to fix the roof, if it's discovered that fixing the roof then involves fixing the top plate of a load bearing wall, which then includes costly foundation repairs, that becomes unreasonable as that is beyond the initial repair contemplated, so the roof may not be repaired. :)

I would also, like you said, raise the rents on the unit(s) that are not occupied if the market can bear it and/or get the purchase price down to say $50k or less, this would make for a wonderful cashflow property.