Know the major risk factors for the type of opportunity you are pursuing, and the minor ones.

One thing to consider is that in terms of wealth building and Kiyosaki's Cashflow Quadrant, owing a rental and doing work yourself is putting you in the self-employed quadrant, not Business Owner or Investor.I think there are a lot of factors stacked against California for long term rentals, and I think you know it too! 

If not that route then we look at hard money, maybe taking your rent roll and use factoring lender.

Much of it has to do with their original wheelhouse and comfort factor. 

I'm not making a 100% emotional decision, but it is a factor.

Other factors as well of course: DTI, the LTV, primary residence vs investment property, etc.

While turnkey properties are more commonly used for DSCR loans due to their immediate cash flow, fixer-upper properties can still qualify depending on a few factors. 

I'm not sure what yields Priti is talking about, but I know that after you factor that tax in, it goes way down. 

Cash Payment: Decide whether you'll finance the purchase or pay in full.Future Resale Value: Factor in potential appreciation of the property.2.

There was positive population growth, medium home price growth, low unemployment, good rent to home ratios, and low crime, all of which are factors when I start looking into an area to invest in.