Their advantages, disadvantages, etc. if it is possible to invest close, maybe not in California, that would be a good idea so you can save and get experience with investing/management.

I am most interested in Wholesale and Buy and Hold Opportunities.

Without an exact numbers breakdown of each option (which should obviously be my next step), I think my ideal situation would be to sell the SF and roll the equity into this, leaving me with a modest holding cost that I can absorb with my stable W2, and keeping the HELOC for any larger ticket items I need during rehab.

That’s a great idea.

I'm guessing there are subtleties that I'm hoping someone more experienced can share with me.For example, I got a part-time RE agent (which I've since learned might not be the best idea) from Zillow for a listing I'm about to make an offer on.

The appreciation rate is far above national average and consistent for buy and hold.

And as long as you keep in mind that COGS for unsold properties needs to be moved to balance sheet to get an accurate financials, then I think it's not a bad idea. 

Additionally, a property with a pool and a spacious backyard is a huge draw, as guests love the idea of relaxing by the pool and hanging out outside enjoying the fresh air.

If you ever want to connect, I can help provide you with other various meetups that hold value. 

Any idea?