Seeing it's how it's California, I would not do the deal unless you factor in 12 to 18 months of no income, and see if you can withstand that picture.

Additionally, check crime rates and the overall safety of the area, as these are crucial factors that tenants consider when choosing a rental home.Financial Analysis: Perform a detailed financial analysis to ensure the investment is viable.

It was a super-tight deal profit-wise for me anyway, but I assume I have no choice now but to back out?

The guests insist no one smokes but they did grill.

And no, I do not think your budget is to low. 

The city must compensate you for taking property so the seller could argue that their silence on this matter caused you no damage.At different apartment complexes, we have twice had the city ask to annex our land, both times to install a sidewalk. 

No claims of cash income are accepted.

If you are in the actual SubTo community, there is no way they haven't been spam calling you and grouping you so you should have access to that inside of the Facebook page or paid groups.But, seconding @John Clark, if you are new as an investor, choosing SubTo is going to cost you a lot and get you a little.

The only difference when you run your numbers is that your cash-on-cash return and your cap rate are the same since there is no leverage. 

No Central AC.