Vacation rentals are more active in the season - January - April.

If the tenant pays through July and they are strong then the landlord has little motivation to take on a weaker tenant and let the current one off the hook if that's the case.Also as a landlord I would want to look at your clients book of business as it relates to volume per sq ft in sales for the space they want to rent from me.I would also look at the last few years and see if there profit was trending upward and sales were trending upward, flat, or down ward.Another component is if your clients sales are seasonal or stay flat for the most part.

I want to refinance it right away to cover rehab costs and pay back my PML, is this possible with out seasoning and if so what is the best way to do this?

Include conversations with seasoned investors with many years of experience.

Even after all these years of personal experience and education, I continue to read approximately 2 hours or more a day to continue to educate and evolve.Moreover, I have spent many hours reading actual state statutory laws and federal laws.Probably most importantly, I have spent many hours with numerous mentors, very experienced and seasoned mentors that are my father’s age or older.

Do you seasoned Investors recommend someone just starting out to get there real estate license?

How much would you seasoned investors pay for this note?

Does it have to thrown off that kind of cap rate and you need that cash flow or if you have enough cash to be comfortable most seek a "flight to quality".I can tell you owning a lower income property and living the headache and actual returns is VERY different than theory and thinking about taking on such a property.The plays I see is seasoned investors buy these and clean them out and then force appreciation and sell off in one to two years max.

All the podcasts I've listened to from seasoned investors suggest getting your real estate license.

Thanks for letting me know about meetups in the area, I would love to chat with other Bay Area investors.I definitely think East Palo has started to gentrify (Starbucks, Home Depot, Four Seasons all contribute $), but schools still have a long way to go.I bought in East Palo Alto in 5/2009; a fixer in East Palo Alto in 2010 and sold that; a fixer in Redondo Beach in 2/2011 and a fixer in Mountain View in 1/2012 but nothing since.