Orange County Homes- How much are people bidding over ask price?

[Jeffrey Suarez]

Looking in North Orange County/LA County area for single home fixer in the 650-700k range. 10 mile radius from La Habra.  

From listings looks doable. How much are people bidding over asking to lock in these homes. ? Do I need to get creative with financing for all cash offers? or quick closing dates? 

I have about 120k-150k for a down payment hopefully 20%, more if I need to pull from retirement account. 
This will be my 3rd home, looking to move into for owner occupancy rates, towards end of 2022. Either in a primary or secondary rate. 

1st home in Riverside currently doing detached garage conversion adu. Just took a home equity loan to pay for it, then will take another after it is done to pull more equity out after it is re-appraised. Plan is to rent the main home to cover mortgage and then some. Keep the adu for myself since I work 10 miles away. Then probably build a JADU then rent the ADU. The property is big on 1/2 acre

2nd home is an arizona vacation home that I am process of cash out refi. currently do pretty well on vrbo / airbnb short term rentals covering 80-90% of costs so far. 

The return on investment is amazing for this property. My rental gross sales are 10% per year of what I have paid for the place. 

Another question would be to find a lender that would qualify rental income since I won't have any rental history on my current Riverside home.