The contractors who did not give me detailed bids, or even formal bids at all, were quoting me between 15-45k just for labor.

Step up in basis to reduce your heirs' taxes and morePlus the real estate tax "deferral" can end up being permanent if played correctly

We do not raise it to market rents, we keep it at lease 10% below to try and reduce turnover.

all materials, all labor costs to others, Not you, utilities, interest payments, permits, licenses, auto/truck expenses, tools needed are all deductable. 

I am not allergic to doing work as I have a lawn care business which is labor intensive.

The flat fee buyer agency fee reduces the amount of the buyer credit/refund, generally by $6,000 (although options range from $999 to $8999, depending on how much help the buyer wants from the agent).

If I were to reduce or take out the vacancy, the 2 would cashflow.

I'm not familiar with your market, but here are some thoughts:750 Sq ft is small for a 3/1.Interior looks like a flip but it seems like it has been owned by the sellers for a long time...so maybe not.They have been trying to sell this property for 6 months and have reduced price. 

Just be mindful of the following things when it comes to California.California does not recognize Bonus DepreciationCalifornia does not recognize real estate professional status.Therefore, you can potentially reduce your Federal taxes but not your California taxes.

Granted, I am a part-time flipper, but most houses I see the pricing does not make sense for what I have to pay for labor.