This apartment required a cosmetic renovation that is going to run me around $27,000 to redo.

Landlord-tenant regulations are a bit complex in California and getting hands on is the best way to learn before expanding into larger investments. 

To do this, they have a team consisting of an inspector, a makelaar, and renovation professionals.However, as Ken M. mentioned, having someone trustworthy there to manage everything would also be a key factor.

We just started managing 4 tiny homes on 1 lot with a shared pool and they are booking great at a rate commensurate with larger homes.   

We complete renovated and turned into a successful operation with a current 11% rate cap. 

Between working around the renovation materials to the 35 minute commute to the first two units I’m having serious second thoughts about this.

Higher Credit Scores allow you to get larger loan sizes or higher LTV options.

Renovated Hey @John Perkins, welcome to the BP Forum and nice work!

House hack another property with a low down payment loan and use the remainder or the proceeds to either renovate or purchase another investment property?  

.- Larger jobs may require requests for more detail, so the above steps can be applied.Be sure to check your management contract for what you agreed to.