It's possible that your tenants are using something like that and then bringing the stuff down to dry it.

That means paying all cash isn’t an option unless you plan to bring another $600k to the table. . 

For example, if your driveway only fits two cars, you need to know if tenants plan to bring several vehicles, as this could lead to parking violations and HOA fines.Don’t forget to screen pets, too!

(Had we rebuilt the original windows we would have been fine and wouldn't have had to bring them to current code.)

Maybe they bring the experience and provide the funds.I don't like any of your options based on I think you are too new to investing in real estate to take on any of those.

I am in Orange County, California, and a 4-unit in Newport Beach with one unit being a 3/2 for example LTR would not bring in 7K gross income on that unit.

wouldn't bring this one to a partner or anything just satisfying my own desire to get a foothold in a place i like to be.  

My primary strategy is Fix and Flip, and I bring a DIY attitude to every project.

Is this something that is the best way to bring me closer to my goal?  

Thanks for bringing up these points - I will consider