Currently have $100,000 invested, $75,000 additional is needed.

They can be sold at a discount so the higher ones might get close to their, lower ones won't.

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

Your desire to ensure that you are making the right decision and to request additional time to review the property are reasonable steps, especially given your relatively new status in the field.

I had a project bte me in the butt because I wasn't more diligent in "checking in" on the contractor.If you need any help or additional advice, feel free to reach out  I have helped a lot of my investor friends (some that live in Orange County) purchase properties in other counties in California. 

You would have some additional flexibility and often they won't worry about your W2 income if you think that might be an issue, as well as your credit.Certainly a lot to consider, happy to connect and talk through your options if you would like!

Ask them to share their STR management VRBO, AIRBNB etc, and look at their costs.Use their vendors if they offer positive opportunities and use that as a way to ask for "Earn your Business' type discounts.

Additionally, seeking mentorship can provide invaluable guidance as you navigate this new venture.

With a vacancy I have costs associated with the turn in addition to lost rent while its vacant.

In addition to the rates, material and labor cost remain very high.