If you can get below 4.5 on an investment right now that is a great rate, otherwise that seems right in line with the market.You can talk to your lender about a buy down or the possibility of a rate float if you are expecting rates to fall back down before your closing. 

Then, we came across some pockets around SoCal that piqued our interest like the new stadium coming in Hollywood Park and Long Beach where there still seems to be good deals floating around.

Understand whether the deal has a fixed rate or a floating interest rate.

You know, making sure the lease has provisions outlining severability, noise, exterior banners, etc.

I typically find lenders that are offering renewable 5-year loans with 20 year amortizations, and usually floating prime, with a floor percentage. 

Having cash on hand to float you during a rough patch is the difference between a problem and a crisis.John

This MIGHT be a time to try a 0% intro credit card to float some of the reno and be sure to pay it off before the intro rate expires. 

We had new sump pump in property but due to shaking of pump , float switch was leaning on concrete and wasn't working.

So I focus on the bad, and see if I could live with it or not.Also, some of the sponsors are using floating rate debt.

If you wanted to be a little more direct, you could also get your realtor to verbally float your $240k to the other side just to gauge their response and proceed accordingly.