While it's probably premature to assess the entire situation, how do you think that these events still affect property values in downtown San Jose (where the major flooding is occurring) and ancillary areas? 

Specifically, I asked for the money to repair a few of the pipes running from the water heaters - they were too rusted and affecting water pressure. 

When you build your team one of the first things you need are good wholesaler contacts that want to work with you repeatedly.  

Hey BiggerPockets, I want to become an investor by first flipping a house and living in it for 2 years and  keep repeating this process.

For instance, a plumber, carpenter, etc.When you get higher up on the ladder of your business, you then start to do things like manage your subordinates.Above Managers, you must then give reports on the progress of your department, milestone achievements, projections of revenues and income, etc.Above Managers, the CEO level, your vision decides the overall direction of your business.I believe every Investor needs to think of their investments a business and you are the CEO driving that business forward with your vision of the future.You should NOT be a specialist, you should be a Generalist that can gather information such as what is the future migration of people in your area, what is the city planning doing in terms of re-zoning, are there any large scale developments that can affect your business (ie... if you are a mom and pop retail store, Walmart will put you out of business), is there a recession on the horizon?

@Sean Cole  I would rather have a professional contractor who is methodical and thorough when making a bid for work - - he has a license at stake and knows when the work is well done, he'll get repeat business from me. 

If you get a good rent offer and can make positive cash flow from the section 8 voucher payments then repeat the process with property number two.

(You wouldn't believe the dimly-lit-sheets-askew photos some people throw up there and hope to get booked.)PricingPositive reviews are one of only a few factors Airbnb has publicly said affect where your listing lands in the Airbnb search results.

I'm concerned on how that will affect the tenant Buyers ability to exercise the option.

I would say to put as much down as you can unless you think history doesn't repeat itself.