It may be worth looking at other deals and if the right one comes up, you can pull the trigger. 

Walk through deals with one of them. 

I have been working with investors in my area and partnering on deals for the last 4ish years.

I've done a couple of direct loans, but for the most part, I work with a mortgage broker who brings deals to me.

The deeper your market knowledge, the stronger your relationships with agents, contractors, and lenders, and the better your deals will get over time.

US military or civil service or other government renters are low risk, high collectibility, steady flow.  8.  

I live in San Diego and am trying to purchase my first investment property I have about 150K to put down but am struggling to find deals that meet my price point. 

Can you wholesale a deal that is active with a real estate agent?

My stock portfolio has compounded by 45% annually over the past several years and I routinely take profits and derisk, go into cash and then back if I find deals.

The predicament we are in is the property is not in the condition to charge that much for rent and we would also leave a lot of money in the deal once we refinance if we cannot get in there to fix it up.