What kind of investment properties were you looking at?

Same things as knowing comps for the 30 properties that you narrowed down to from the 70% rule..

You’ll want to make sure your property is styled and stocked to fit the target market catering to what Big Bear has to offer and what guests expect.

Quote from @Enrique Toledo-Perez: I'm a Realtor and I'm wanting to get into fix and flips by working with wholesalers and buying properties in neighborhoods with a good spread.

This is required for most landlords in the city, as part of the rental property registration program.

$10K seems like a nice, round number...Finally, if you have $250K in cash, I would not put it all into a single property / single dealHope this helps... happy to help further

So I want purchase it as my first rental property it's going to need rennovations for sure not terrible shape just older rancher home.

You are definitely going to want to get a lawyer and as soon as possible.This will sound harsh.In your story, you have made a number of very poor decisions about how you purchased and managed this property. 

The stabilized properties operate fine without me but the development side of the business requires me 24/7.

They tend to avoid properties that need renovations.