If this is a refinance, a lot of lenders are looking at values more closely and will either agree with the appraised value, require a secondary report, or just cut the value all together. 

They require the property to be listed on the MLS once the renovation is completed. 

@Ben Grubner In a very limited circumstance we require a deposit.

If you decide to seek private/hard money they will typically require prior expereince. 

These were long time holds as long as 35 years.Pretty soon you will arrive at the required numbers including your tax exposure for Ca state income tax, make sure you are sitting down for that part.It is all covered by the video above and your accountant.

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If you received a basis step-up at dad's date of death, you may be able to sell with little to no gains, and then choose to invest those funds in an alternate property closer to home, if desired. 

Hi - this may be a weird question, but I was in a mastermind and explaining how I do not have the time or desire to drive for dollars. 

This would allow us to bypass a simultaneous closing and buy a new property within a 180-day timeframe to fulfill the 1031 exchange requirement.

Well, you've chosen arguably one of the most desirable places to live on the planet, so it's not surprising it's so expensive.