I have 10 condos, each worth about 35k.

I would say the home is probably worth around 575-600K.  

I have to check on codes/laws/regulation, but I know CA is on a high of making thinks convenient to build those at the moment.

Since you're still living in the property, you might be able to house hack and keep the lower owner-occupied tax rate—worth confirming with a local tax advisor.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

The seller would have to be paying us to take the property if we wanted to make that amount.We make use of the tools here on BP to help frame out a deal as well as using our knowledge of the local market to gauge what a property will be worth renovated. 

They either take too long or they throw in a ton of fees before closing making it not worth it?

When I find something worth pursuing I'll definitely reach out! 

Worth it.

If we are losing money every year, but do plan on holding on to it long term, with our goal being appreciation of the market and someone else paying a good chunk of our mortgage, is this worth doing on any level?