Since this is for 15 year life property or sooner, do you plan to hold the assets for that long or longer. 

With that said, my plan would be to continue getting as much overtime as I can at work, living with my parents in the few days that I'm off work, and investing in rentals in lower cost, higher cash flowing markets.

My plan is to occupy the  property for a year (to utilize FHA), then rent it out and look for a new property. 

I plan to get a rehab done my rent in Memphis.

Sorry to be this guy... but what a client hopes or expects is a product of poor or non-existent tax planning.

Part of my plan is to better track my existing portfolio.

The plan we have is thru the platform we use to syndicate all the marketing but I believe they have a per listing, per month setup if you are manually adding it to their rent manager platform.Apartments.com has been solid but if you want to advertise, Padmission and other housing assistance programs have been a solid source for us. 

I am currently a renter in Northern California with no plans to buy in the market where I live.

Then, plan the work and work the plan. 

The consideration for the property to cashflow (after you move out) is still very important if you plan to hold, but taking action with the consideration of how this first step will impact your finances today will yield the greatest impact.