You have no access to the property so you are buying sight unseen and subject to any and all liens.

The other picture (with the green boxes) is the return for possible scenarios - MTR, STR, LTR - but all have negative cashflow.

Prepaid items are comprised of property taxes and insurance and prepaid interest.Property taxes and homeowners’ insurance will depend on whether or not you have an escrow account, when you are closing, and when those items are due.

I have a primary house in Santa Maria CA that we are renting out and getting cash flow from it,  thinking of using the equity from that house to buy here in Orange County.

In an unexplainable way, I enjoy having the HOA fee, but also do not.

@Eric Mcginn,You have a good idea and end goal. 

I have all cash in the property and for renovations, so no loans. 

Dave Ramsey books can help people get out of debt, if that's the case, but you'll have to graduate beyond his recommendations otherwise you'll be debt free but not wealthy.

I have a STR in a resort community outside St Louis.

You'll just have less cash proceeds to use.