I want to find something local (Los Angeles area), move in, do small renovations to possibly build up more equity, do a 1031 exchange, and find something better. 

Go Google the average current age of electricians, plumbers, etc.

Your best bet is to find and contact all of the top local wholesalers and go to work for one of them and see what they do right and wrong and see if it's even a business you like.

Best bet is to try local and credit unions, possibly may have some programs for better rates.

Get to some local meetings.

Build your network by joining local real estate investor meetups or online communities like BiggerPockets.

I'm passionate about teaching real estate in underserved communities and helping others build wealth through knowledge.Looking Ahead: I’m seeking local and out of state investors, lenders, and professionals in the Atlanta area for STRs and MTRs, and in Birmingham, Phoenix, Columbus, Macon, and Augusta, GA for long-term rentals and small multifamily deals.Let’s connect if you share my vision for creating real estate that not only generates wealth but also builds lasting, positive change.

I'm looking to connect with local investors, agents, lenders, property managers and contractors who have experience in these areas. :-) 

Because my DIT is low, maybe Case 2 for fourplex is my preferred loan type than Case 1 if I want to invest locally.

Return:Finishing the basement and adding bedrooms can add significant value, especially if your local market places a premium on additional living space.