It's costly but that's what is expected.  

Rank them from best to worst in management cost*4.

Repairing to sell might recoup some costs, but given the market and your limited funds, selling “as-is” is likely the best option to minimize further losses.

Properties typically on a land lease in communities like this are more difficult to get financing on - so not only check the values but also time it takes for these properties to sell to understand your holding costs

Real estate is not the stock market and it's called buy & hold and not buy & sell for a reason.I did sell a few properties about 10 years ago when I learned the hard way that going into cheaper neighborhoods was not the right strategy for me, so that was basically a strategy correction and it was necessary, but also costly both in terms of dollars and time.

California offers great job markets and weather, but comes with high costs. 

run the numbers including holding costs and you will see why.

How do you calculate rehab cost given you can’t look inside? 

It will cost you Time, Energy and Focus. 

Then they lock them in to a SLIGHTLY lower initial cost per kWh.