You've got a great start by being here and an idea of what you want to do.

Another idea to consider is the FHA 203K renovation mortgage, this is another excellent tool to use because of flexibility and other worthwhile features you might consider researching.

Not a bad idea but if the deal goes bad just remember you are taking money from your primary residence. 

However I do have a few other ideas but I would need to know a bit more about your situation, timeframe, overall financial objectives.

I gave them consistent feedback for years and still believe they could have made $10m or more off of my ideas.

This is the best way to get good at analyzing deals and will allow you to quickly have a good idea about how a deal will work.

.✅ Denver - April - $610,200✅ Westminster - April - $570,000✅ Arvada - June - $655,000✅ Thornton - June - $560,000✅ Lakewood - June - $605,000✅ Englewood - July - $600,000✅ Morrison - June - $968,000✅ Conifer - January - $872,500✅ Evergreen - April - $1,200,000✅ Golden - May - $1,025,000✅ Littleton - April - $680,500✅ Parker - July - $715,000Certainly these months/time frames can change in 2025 depending on mortgage rates, inventory in your city, etc.But, if all remained constant, this gives you a ballpark idea of time of year to net the most money

Here's what I learned, and what I regretted: https://www.biggerpockets.com/forums/922/topics/1133476-hous...

Obviously, each bears certain risks, and usually the agent would advise on these topics in the beginning.

My idea is to 1031 the SoCal property into the in-laws farm and rent back to them for a minimum of two years, and then decide if we keep renting it to my in-laws, or move my family into it.