CA isn't exactly the most relaxed construction / demolition atmosphere.Consider the cost to fix vs. the increased value you will have with an operating pool. 

I have seen when LTV's are at real low levels with a big down payment the underwriters tend to relax a little more.

I am planning to use the BRRRR technique on the property.

Two common techniques I have incorporated with clients is to use a double corporation strategy or the utilization of a discretionary irrevocable trust.

Check out the wholesaling forums for wholesaling tips and techniques https://www.biggerpockets.com/forums/93-wholesaling

So use their expertise and the more you do this, the more you will start to learn the techniques and patterns yourself.

I am planning to use the BRRRR technique on the property.

The key to this planning technique is that the NRA may not retain any interest in the Trust. 

Gave me practical experience finding deals (and the tools & techniques involved), working with realtors, lawyers and banks, appraisals, inspections, insurance, property taxes, utilities, closings, HUD statements, etc.Owning a home gave me more practical experience in basic to moderate home repair, dealing with contractors for more complicated issues, capital improvements, insurance claims, "neighbor relations", and many more important aspects involved with owning property.But in addition to buying and owning my own home, I'll say what was equally important to giving me confidence to get started was having a few friends who were already doing what I wanted to do. 

Be ready to refinance with more traditional methods or flip as soon as possible.Yes, people did used to do that, but I doubt if that technique is still much in use today.