Usually it is at the end of the lease where the my beloved tenant is contemplating whether to reup for another year.Take into consideration that Im in Los Angeles, so rents are skyrocketing (yeaa us!)

Don't even apply for other financing until you have past your loan closing, it's not just a ding on credit, not disclosing anticipated debt can give you a real problem, so give yourself enough time to have discovered your next deal , not in contemplation of creating more debt prior to closing.

I have read in a lot of forums that it is impossible to cash flow in Southern California, so have been contemplating on investing out of state.

@Craig Stahl you just answered a question I've been contemplating for the past couple of days!

I'm also contemplating investing in Northwest Indiana as I'm originally from Chicago and still have family and friends in the area.

It sounds at the surface like what you should be considering is another 1031 exchange to move into those new properties you are contemplating.

I am also contemplating on taking some carpentry classes at a local trade school so I can legitimately do some of the renovation work myself, and eventually become my own licensed general contractor. 

I am contemplating selling it and trading into a new place closer to where I live to shrink up my span of control.

Jennifer Castle as I'm sure you've heard, short term rentals like AirBnB are under assault by the city for non-payment of hotel tax.

I'm contemplating building my own house with the subs we use.