In Colorado it is the buyers responsibility to verify sq footage.

And you shouldn't trust anything about what I say without verifying, except my asking price

Not only do I require that the tenant gets all utilities in their name before move-in, I VERIFY it was done by contacting the utility companies (or by being contacted by the utility companies for those where that is the normal practice).

Don't assume anything, verify, verify and then verify. :)

Verify, directly with the bank, that you can really get the bank loan.

It'd probably only come up in court if you ever had to go for any reason (i.e. eviction, etc), just to verify that you have the right to act on behalf of the LLC.

I'll have to ask tomorrow.So far in this time I've been able to verify online that it doesn't owe any back property taxes, no code violations, and the property is zoned for <10 units.

It wouldn't hurt to call the California Board of REALTORS or the state licensing office to verify.

I did verify that an FHA loan actually goes this high in Kings Country, NY: $1,472,550 :)  Besides saving you the FHA fee of $1000+ per month I think you can actually put slightly less down.5% of your purchase price is 64k. 

In addition, I strongly recommend that you verify all licenses and Insurance Policies. 1.