I see they suggest offering the tenants the option of paying by Credit Card.

Either way, there are a number of good options currently on the market for the goals you have laid out.

What are other options to buy and hold while recycling my cash and not getting too deep on negative cash flow?

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

Looking out of state will likely be your best option.

There are quite a few other options that you should consider before walking away, though.It sounds like maybe a fix-and-flip loan would be a viable option for you.

Most FSBO's in my area are not good enough to be Wholesaled but may make for a good Lease Option.

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

Time and money for an eviction in CA is our last option, and not ideal.

The fact that I can regularly speak to many real estate finance "experts" and many of them are uninformed about certain financial rules/options is one of the things I've had to learn the hard way.