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

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.

They managed to cover the mortgage and still had a comfortable place for family vacations.

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.  

And that may sound undoable but those deals are out there on mls if you make enough offers.  

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

The key is to have clarity on what each offer and then decide what’s best for you.

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

If anyone has a mastermind group that's really helped them progress, and they are open to new members and you're very comfortable 'vouching' for them, please message me.

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