Have there been any horror stories about renting out in-law-suites that don't have a separate address?

The American Leak Detection company came out to check water coming into the house, and no leak was found.

In order to get $700 per month on a 10 year note like you proposed, you'd have to charge around 17% interest, which is essentially illegal (I won't go into usury laws or possible Dodd-Frank stuff here).

I'm in Austin visiting my daughter and her family for the Thanksgiving Holiday and I'm amazed at what's happening here what with companies like Apple and Google moving into the area.In fact my son-in-law moved here from OC, Cali because his Executive Search firm all but demanded it due to his high tech CEO, CFO, CEE job requests in the Austin area.

In Kern, I used Teresa Behnke at First American Title in Tehachapi.  

I went to law depot online and one of the clauses specifically said "assignability" and it states:" The buyer may not assign this agreement without the seller's written consent.

Many new CA laws to be aware of.  

Everything else looks good above.I would check your state laws on eviction.

It is Texas law that any time a real estate license holder has a substantive discussion about a property they must inform you if they represent the seller.

Chris,The majority of purchase agreements/contracts and/or assignment contracts being used in wholesaling contain items that could possibly be in violation of the respective States real estate licensing laws.