But if there's anything I need to be aware of , I would appreciate any inputs.

The seller does suggest adding at least two more solar panels.Is anyone aware of a lender that may entertain this?

also the bylaws can be changed to restrict rentals in the assocation at any time, so that is something to be aware of as a risk. you also need to check each condo if they allow rentals before you buy, so you know if its even allowed for obvious reasons.Yes they can cashflow, but there are risks and some of those risks are difficult to mitigate or assess during the purchase phase due to hurdles.

I am not aware of anything at 45K total:) I can pm you some more alternative location ideas starting with AV and South LA. 

If any issues come up that could delay everything.I would ask to see current leases and any credit screening approval type of forms should transfer to you as new owner. you should ask for paperwork for the past that covers those tenants from when they moved in.I wouldn't see a problem with inheriting those tenants just make sure you as new landlord are aware of state laws for rental in your state.

There are two others of which I am aware that are not free and those are OC-FIBI: http://www.meetup.com/Orange-County-FIBI/ and OCREIA: http://www.meetup.com/Orange-County-Real-Estate-Investors-Association-OCREIA/.My business partner and I have been to the first one, and it was really intimate and a great setting for discussion.Hopefully, I'll see you at one of these!

@Peter Mckernan is aware I am sure, that stating "This is a Bad area and you should not consider it" is known as "Red Lining" and specifically outlawed at lease in Calif.To avoid this exposure, as a buyer, you can always ask something likewhere are the better schools?

And make sure when showing the  property and signing the lease they are made aware of that as well.

Perhaps this means have they been to drug treatment, or gone to an anger awareness class, etc. 

Personally I am not aware of an auto-pay type of option for both outgoing payments and incoming rent payments.