For example, an experienced general contractor who does significant remodels of nicer homes might choose to go into house flipping because their practical experience is directly applicable.

Get a good accounting software to track everything.

(Here's how we keep it all straight.)Project management software (Asana)-> Order of operations-> Responsibilities -> Deadlines-> Notes-> SOPsDaily Contractor Check-in Calls/Texts-> Roadblocks-> Resolutions-> ResultsIn Person Walkthroughs-> Our Property Manager-> My Business Partner-> Our Realtor-> MyselfHow do you drive results for your renovations?

Youll need to read through them and put in an application for an ADU license 

@Gabriel Dent Depending on your work and savings, it could be worth doing an application with a lender to see what you could get preapproved up to so you know what range you can offer within and then compare those duplexes, triplexes, and fourplexes to where you could rent for the time being instead. 

However, every time my contractor submits the applications, the city requests new revisions.

There is a 12 month loan seasoning requirement for a cash out loan, and fha and Va have seasoning requirements for rate and term refinance, but assuming as it is investment property that is not applicable.

By forming a property management company, you could deduct business expenses like office supplies, software, and possibly a home office, which you wouldn’t otherwise be able to claim.

As of now Anaheim is not accepting permit applications for short term.

My property manager was diligent with picking the right tenant, which I appreciated, but that comes with really narrowing down a pool of applicants that would have been okay in the short term.I am trying to decide what is best right now and getting them rented out would make sense, but my problem is the lack of funds I currently am facing to rehab them to get them back to rent-ready condition and the monthly mortgage really hindering my ability to save up for these rehab funds.