Dell, you might reconsider.  

I’m re-considering buying in California also because of Proposition 13 - our property taxes go up 2% a year unless we do significant renovation or sell (the buyer pays the tax on reassessed value). 

Unfortunately, you cannot upcharge to what was agreed in lease.In case you decide to not renew current lease, don't forget to provide tenants sufficient Notice of Non-Renewal.Definity reconsider making changes to your lease.

Certain changes in my career and personal life have made me reconsider the timeline but it will happen.....eventually.

If there aren’t any quality PMs in the area and the tenant base is as bad as it sounds like it is, I hate to say it but you might want to reconsider keeping that property as going through PMs and tenants like you have been can’t be profitable, turnovers and bad PMs will suck you dry.

Once there, accelerate the machine, buy another 1 or 2 investment properties in the next year and a house where we will live for a year or two to renovate, then rent it and buy another one.Do you think the plan is appropriate or do you think I should reconsider keeping the house and renting it?

If your deal only cash flows with a 3% interest-rate, you need to reconsider your investment strategy.

You've made me reconsider my activities.

We asked the seller to split it with us, and so he gave us a repair credit of $4,000.From that simple example, you can see that you actually benefit from having a higher estimate for the work during the negotiation, as you will get a higher repair credit, and if Jon's reference can do it for $4-5k, you have it almost completely paid for.So, you might reconsider showing your "ace in the hole"!

I originally purchased this to owner occupy but, as I begin renovations, I am reconsidering renting it out.