Also foundations and basement conditions.

The owner said he will warrant the electricity, plumbing, septic/water line, and air conditioning in the contract.

I am a life long Hudson County resident and work there currently.While I have experience some experience in Real Estate, I am eager to learn more and hope to engage and learn as much as I can from the forums. 

I'm new to the RE investing world and I'm seriously looking into buying SFH and/or multi-family that will end up being rented out.Just to give some quick background about myself, I'm 26 years old and currently living in they bay area (though live most of my life in the mid west).

My Life & 1000 Houses - Great book on starting in the business, and adapting.  8.

Those of us that have been successful often try to be incouraging and supportive without considering we may be imparting false hope.Take the time you would put into growing from nothing and concentrate working 2-3 jobs saving every penny by living a frugal life style.

Everything else, any motivators and techniques you pick up and employ to increase or 10X your life and productivity are a bonus. 

You screw your buyers, someone will screw you.....that's the life 

In my area most of the properties with enough spread in profit cannot be financed due to their condition.

I know rental amounts vary depending on property condition.