I'll admit upfront that I would never own rental property in CA, so that colors my response.I'd offer the tenant up to $10K to leave immediately, keeping the eviction off their record, then sell.

I would suggest shopping it around a little more until you find a lender that offers reasonable terms and has a positive reputation.

Since this is a rehab, you shouldn't have to worry about offering a builders warranty but here's some things I've become accustomed to doing to make the warranty, sale process and transaction process easier.  

So is the rider something I request before making an offer?

Be sure to fill out your profile as many of us use it to try to offer better assistance.Happy Holidays!

Offer to intern, find a way to get involved.3rd - If you find a deal, you can then find financing! 

With a 40% expense ratio, the DSCR is approximately 1.21Hindsight Critique•Continue to build relationships to increase deal flow•Property manager (Mercer Hughes) is critical to completing renovations and quick tenant placement•Continue to build relationships with private lenders and personal investors•Have cash available to make quick competitive offers

I appreciate the insight that you and John offered regarding the lack of value in the business itself and strictly the land + improvements.

I don't have the room to add a Washer and Dryer, so I'm trying to come up with a solution that I can offer.

However, exploring out of state markets could offer stronger cash flow upfront, so it’s worth evaluating both paths.A piece of advice would be to focus on building your core 4  team: agent, lender, contractor, and property manager.