One thing to take into consideration is.. if you buy the property with an LLC your interest rates will be higher. 

Prop 19 I believe will allow rebuild without triggering any reassessment of value.  

With 30-day SOFR around 5.3% and the 10-year UST around 4.6%, floaters have a starting rate considerably higher than fixed debt.  

You also have to take into consideration any length of time that that property will sit vacant while the next tenant moves in (although in OC properties never sit vacant for long). 

Hey Marc - as with any town it really depends on location … there are areas that will bring considerably more or less for the exact same home. 

I have been reading and watching about everything and under stand there is no “right way” to do it, but i just want to express my thoughts and questions and get some feedback before i pull the trigger on some of my steps.

A contract is legally binding when it has the following elements:1.Consideration - An exchange of value between the parties.

Thoroughly research potential properties by examining inspections, financial records, market trends, and legal considerations.

What else should I take into consideration other than rate?

I know starting off can be scary I studied the Ohio market for two years and connected with local investors and out of state investors in Ohio before I finally pulled the trigger.