These are typically owned by “groups” so it is a little difficult to get lenders to take me seriously if I want to become the new owner. 

With another year of wear and tear on the property as well it is highly unlikely that you will actually net more gain in a year than selling right now without a realtor.If this has always been a rental then you do not have a 121 option. 

Cleveland, Ohio is also not a bad option. 

I have definitely thought about investing out of state and plan to explore that option once I can get my feet wet here in Long Beach. 

. - Best options to finance renovations for the property.  

For $150,000, this could be $3,000 to $7,500.Investing in a Rental Property: Costs and ExpensesDown Payment and Closing Costs:Down Payment: Assuming you buy a $300,000 rental property, you need a 20% down payment ($60,000).Closing Costs: Typically 2% to 5% of the purchase price.

For your situation I would investigate some of the virtual brokerages a live broker with the fit feel and learning you after would be best However the virtual options offer deep archives if your a self learner it will come down to ymhiw you work and learn beat and what the brokerage would accept all the bestTim

It's more straight forward to replace faucets, sinks, light fixtures, etc, all of which can typically be done without a permit.Only homeowners working on their own owner-occupied home are excepted from the requirement that a permit be pulled by a licensed builder - but even then the homeowner *does* have to pull the required permit.

The second email, which typically takes between 60-90 days, will contain the signed Promissory Note, Deed of Trust, TitleInsurance Policy, and an acknowledgement of receipt form (to be returned to us).

There's typically a lag from when demand drops off as it takes time for supply to build up and then pricing finally adjusts.