Hello,I am new to the RE investing world and have begun to think critically about the reality of investing when you live in one of the more expensive real estate markets.  

Wondering whether or not the "holding costs" of PITI can be included in the loan... essentially using the renovation part of the loan to not only pay for the construction aspect but to also pay the holding costs while the renovation is taking place.

I have the funds for a downpayment so that aspect isn't the issue.I went to one of the big banks and while the rate was good (I think 1% above conventional residential mortgage rate) the conditions were quite onerous.

If you are not comfortable with this aspect, your agent will help (not always the best resource).Due Diligence - The offer should contain a stated period of time during which you get to check things out.

The Bigger Pockets Blog https://www.biggerpockets.com/renewsblog/is a great resource for all aspects of real estate investing.

Go to local clue meetings to network and find people that become your friends or mentors.Learning about your niche and market selections are critical.  

Keep in mind initial cash flow is one investing metric and long term profits especially for Socal, the exact location might be much more critical.

That should have cured you of the "drive to the property to be renovated" aspect since you would have smiled ear-to-ear all the way to....

You have come to the right place to learn about all aspects of real estate.

I look forward to input and am always interested in criticism and suggestion.