It sounds like you’ve got a solid plan and a great passion for real estate investing.

I only plan to manage these two from out of state until we're able to refinance our second home as we're losing money on this particular house for rent as we bought this home last year. 

Hi JoseOverall, your plan is viable, especially with significant equity and an unconventional financing option (WLI cash value).

The game plan would be to keep this structure for 1-2 years with future full sale.

I’d love to hear more about your goals and how you’re planning to apply your expertise to real estate!

Establish what type of commercial real estate interests you most—retail, office, industrial, or multifamily—and develop a plan around that.

This would apply to your unit.Your biggest concern with setting the rent should be the near future. 1) Your insurance is guaranteed to go up, probably dramatically.  2) You may get an insurance assessment bill to cover the CA Fair Plan losses.

I plan on doing it sometime this week.

But…he can make the buyer regret it if he doesn’t plan to move it.

would get estimates and see how long to recover the money and your long term plan for the property