Third, Make sure your contract is as detailed as possible especially. how draws will / be paid, who is responsible for buying materials, how to handle change orders, and finally set up penalties on your contractor for going over schedule.

Depending on the profit, it could be worthwhile to forgo a sale for 2 years.

I agree at this time to forgo the late fees.  

A lot of affordable out-of-state markets are the "siren song" calling to CA investors.

Not an easy decision but I'd vote for going with cash flow and keep some reserves in the bank.

Marvin Song it was listed in the MLS sheet public comments.

Some with give you a song and dance about needing to actually see it, but with a few calls you should find someone who can give you a ballpark figure.

Hey @William Hyde,meetup.com is going to be your source for going to local meetups in your area and networking. 

I think I may forgo the stamped and go with textured concrete.  

As an example, we've had two condos that we ran for going on three years as furnished medium term rentals in the heart of Denver.