1967(ish) - 12 Bayview Road was built and or purchased new by the Rust family in 1967(ish). It was the home to many pool parties for many decades.

1. According to the neighbor below who we spoke with once for about 20 minutes prior to writing an offer, in the 1980s the pool house concrete floor cracked, presumably from an earthquake. The crack exists to this day but does not seem to have propigated much since it's original crack. It's presumed it may have transpired during a larger earth quake. She was unaware of any other major structural issues or deficiencies with the home .

2. According to the neighbor above who shares water company management duties with the Rusts (and Micah Forstein, the seller of the property in our transaction) the Rust's battled 1) grade related water issues for many years with various remedies put in place over the years that never seemed to satisfy problems and 2) minor settling issues that had to be remedied by the Rusts via a Contractor in the 2010 time frame (exact work and scope not known).
   
   The Seller's Agent claims to have noticed a "mushy side yard" in March 2021 just prior to listing the home. He claims to have discussed the matter with the neighbor one home up to have discovered there may have been long standing issues. The Seller's Agent disclosed that on his AVID that was unsigned by the seller when presented after Contract Ratification.
   
   The water management issue and the settlement issue were reviewed in less than 15 minutes of dialogue with the neighbor up the hill after ratifying a contract and running into questionable items with water management systems and minor settlement discovery during home during inspections.

2015 - Micha Forstein, a Mechanical Engineering Manager at a Silicon Valley Orthopedic Device company got into a competitive bidding situation to purchase the home as his primary residence for he, his wife and three children. At time of purchase he was buying the home fropm the Son of the Rusts who had never occupied the home. It was in 1970's condition with cedar roof and asbestos popcorn ceilings, dated carpet, paneling and vintage kitchen and baths throughout. He won the bidding process and paid approximately $540k for the home. According to written commentary from Micah, he was never aware of any grade/water management issues with the property nor settlement issues. The well on Micahs' property serves as a water company for 8 homes. The holding tank and pump are on the property above 12 Bayview and we are to presume during 5 years of water company co-management and interaction with the upper neighbor, he was never informed of long standing water management and grade issues or settling issues that the Seller's Agent and Buyer were able to gain understanding of in very short introductory conversations.

and part of the managed the community water company, with components on his upper neighbors property, ot discuss any property details with either neighbor prior to purchasing the home.

2015 - Micah Paid approximately $80k to have a new roof and solar put on (financed). Micah paid $8k to remove asbestos. Micah also had all the paneling removed and replaced with drywall and he paid for new flooring and new stairs. Micah did NOT have all the rough plumbing redone at that time, which he should have given the galvanized was nearing end of life.

2020 - In July 2020 Micah and family moved from California to Kansas. COVID did not require him to be in CA anymore. At that time Micah entrusted Kent Weinstein, a Licensed Realtor and Acquaintance from Church to Micah entrusted me, to with meet contractors, cleaners, and service and maintenance people, to prepare the home for sale, and schedule inspections.

That night Seller's Agent delivered 2 emails. One had a photo of a wrap around deck that had been removed. The other had an energy bill graph , a pre-sale Home Inspection report and a presale termite report. No CA Contract Disclosures were delivered nor was the Agent Visual Inspection Report delivered.

Offer
Counter
Ratified - Initial // Ratified - Final

We asked for quotes and receipts for work done so we could value the upgrades. We asked for anything else that was relevant for disclosure. It was only after we signed an RR extension because we were waiting on their docs that we got 1) Receipts of Asbestos work when we didn't know asbestos work had been done and 2) A 2015 Home Inspection where the inspector expressed concerns about interior damage to cantilevered deck joists.

Since 1) we have no other long term debt other than rental properties 2) we are putting more than 20% down and 3) we have cash reserves after putting our money down, we "just" need to show our gross monthly income is in excess of $7186/mo. ($3593/0.5)

So. The goal is to show that Holly and Bryan combined make at least
$7,186 in monthly income before taxes...