If you’re placing a new property into service, you can discuss cost segregation studies.

@Guillermo PerezPositives:- Equity Built: You now have $70K in equity, which is a solid result for your first deal.Cash Flow Potential: If the property rents well and covers your debt service while providing some cash flow, that’s a win.- Experience: You’ve successfully navigated a purchase, rehab, and refinance, which are the core components of BRRRR.Considerations: - Budget Overrun: Being $27K over budget highlights the importance of tighter cost estimates and contingencies.

• Should utilities, internet, or services like snow removal/lawn care be included, or not?

https://www.portland.gov/phb/rental-services/documents/tenan... 

Quote from @Dani Murai: Any recommendations for a reputable general contractor that services the Torrance/Gardena area? 

While they typically have considerable deferred maintenance, we're getting great terms.

I have done a lot of research in preparation for my first real estate purchase but I haven’t heard any mention of banking services that stand out.

If your parents do not have experience and you are eager to learn, you should come up with a strategy with your parents so that you can start managing the existing portfolio and finding a way to grow it.First and foremost I would maximize the property as much as possible now.How well is it maintained - any deferred maintenance? 

I would put it on craigslist and FB to see if anyone wants it for free.Otherwise call a junk removal or abandoned car removal service. 

Then create a maintenance account.