So now that it is empty, I have been doing as much work as I can myself, such as painting all the walls, replacing damaged bricks, drywall repairs, AC duct repairs, plumbing repairs, and simple electrical stuff to save money, but do not feel like I have the woodworking skills needed to install cabinets or siding and have it come out looking professional and clean.

Here is a simple thought experiment. 

having an incredible onsite manager, adding colorful flowers to perk up the curb appeal, paint the windo shutters to make them pop and renovate the interiors.

I want to make it as simple as possible for my tenants to pay.Software is a common question on BiggerPockets.

But you are in California where nothing is as simple as it seems.I would contact an attorney.

I'm thinking if you create a simple journal entry to allocate the amount of interest paid, principal paydown and any lender required escrow, that this would help that limitation.

You can make significant money with tax overages...but it's not as simple as the gurus like you to believe.

A simple answer: Attempt to assign your contract to another buyer.

Beyond the simple solutions like “do repairs yourself” or “Refinance to lower rates”, etc.

I'm particularly passionate about Residential Rental Real Estate, but exploring other potential investment avenues.Outside of real estate, I enjoy playing golf and simple hikes.Excited to learn and connect with you all!