Hi, We're a couple in north Orange County and would like to invest in a rental property closed to our primary residence.

Seems like everything cost an arm and a leg to get nowadays.

Typically what @Samuel Diouf suggested will not work, unless you also include a significant and successful value add, for a few reasons 1) debt to income requirements likely will provide a means to get a loan on a 2nd property.   2) saving 5% for OO down in Orange County on MF likely means at least $50k with closing costs.   3) the home if purchased rent ready off mls will still be cash flow negative after a year (and 2 years, 3 years, … at some point it will have positive cash flow but I would not expect it in less than 3 years on rent ready property.  

I'm deliberating whether I should hire my neighbor (he just had leg surgery and walking with a cane) across the street to do construction because if the construction turns out bad, I strain the relationship with the neighbor across the street, and also whether I should hire my neighbor from another place who does the design because I kinda don't prefer he knows where I live (just because if the design turns out bad, I strain another relationship with him and exposes my address of where I live).

And how hungry did someone have to be to say 'mm, that 8 legged sea creature with the snappy legs looks delicious'.

This is a great way to cover personal homeowner expenses and has given so many people a leg up in real estate investing!

@Juan Perez  I reread the OP  the company DOES fund 100% of the deal.. the OP does the leg work at his expense... flipping a deal is always an option of course

In many successful businesses, the founders start off doing the heavy lifting and leg work themselves, but as their business grows they let go of responsibilities to people they trust.

Your background in wholesaling seems to be a leg up for most 'new' investors. 

But I'd just spot-treat with Orange Oil and sister up the beam with lag screws...