I have seen hot water heaters in bedroom closets but not furnaces.

In the end, water has a mind and power of it's own. 

Have you talked to a local insurance agent.If you're going to get "$750 all bills paid" for each room, why aren't you including electric, gas, water/sewer, lawn care, and cable/internet in your expenses?

Or a pipe or water heater has been leaking for weeks?

Did bubble foam test and infrared test and found nothing from gas lines to stove , or in the gas water heaters.

I can only imagine that after being under water for 5 years, its tempting and rather exciting to exit, but who knows for sure.

From some research it seems like water sensors near water appliances, quarterly inspections, water proofing under sinks are some ways.

Aside from Gardena, Inglewood still has opportunities , Hawthorne is well positioned with many catylyst for change, and San Pedro's water front development will be a game changer for their mkt. 

I think views matter more when there’s a patio facing the water.

I put the rehab months as 150 months when I thought it was days, and as for water/sewer and house utilities and expenses are low.