Purchase price: $520,000 Cash invested: $30,000 Town home in Valencia, CA. 2200 SQft, 3 Levels. 3 Bed/3Bath.

@Matthew Swearingen there are lots of midwestern cities where you will see returns at that level.

You can either find something that you could BRRRR (buy rehab rent out) that will then cash flow, or find something that is stabilized and barely cashflows (if at all) and just bank on staying level and making money off the appreciation or selling in a few years. 

Then when the water from the top unit started flowing into the bottom unit, I was notified by the tenant in the mid level unit that there is a leak in the ceiling.

Then when the water from the top unit started flowing into the bottom unit, I was notified by the tenant in the mid level unit that there is a leak in the ceiling.

I recommend a Post Compliance Lead Determination (PCAD) every 5 years or so.Here's the law (emphasis added by me):460.100: Duty of Owner(s) of Residential Premises (B) Whenever any residential premises containing dangerous levels of lead in paint, plaster or other accessible structural material undergoes a change of ownership and as a result a child younger than six years old will become or will continue to be a resident therein, the new owner shall have 90 days after becoming the owner to obtain a Letter of Full Compliance or a Letter of Interim Control, except that if a child younger than six years old who is lead poisoned resides therein, the owner shall not be eligible for interim control, unless the Director grants a waiver pursuant to 105 CMR 460.100(A)(3).

Staying in the High level data zone will not help you take action.  

They should have leveled the subfloor before installing the laminate.

I had one gal that did nothing but split payments every month we usually had about 200 loans on the books at anyone time.In Oregon fractionalized loans are a security so you need the security docs.. which as stated is a whole nother level of pain.I liked the bank LOC the best although the PG is required.. so if thats a non starter for you.. check out if you can fractionalize the debt obligation.. and then have some very good language in your debt instruments about how you handle a foreclosure.. our bank LOCs as stated above were all 5 million and up.. we could go 75% ARV on our loans bank then would loan 80% of what we loaned..

If anyone could provide me a link to the FHA guidelines, I would certainly appreciate it.By the way, here's probably the best article I've found on the subject:https://www.mass.gov/info-details/arsenic-in-private-well-water-faqs#:~:text=Unless%20your%20arsenic%20level%20is,not%20evaporate%20into%20the%20air.One notable quote from it:"Unless your arsenic level is over 500 ppb, showering, bathing and other household uses are safe.