The house has a little mortgage that can be paid with the down payment. 

I know many hosts have completely recouped all their down payment and furnishing costs within the first year just by doing a cost seg.

They work closely with tenants and community orgs to keep the payments coming in during hard times and the team will help you with evaluating upcoming purchases. 

Theoretically I could obtain a HELOC on my first property for the down payment on this one and sit on it until I have time for reno.

Quote from @Kellie Powell: Sometimes hiring a contractor to do a project here and there will save you time...which costs you money.This is where most non-Contractors go wrong.

Despite offering almost every amenity for an ideal vacation, my efforts to increase bookings through more than ten non-exclusive agreements with local property managers and continuous outreach to travel agents have not been fruitful.

What are typical down payment requirements?

Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

I don't mean residential DSCR or other non-qm type loans but rather loans for office buildings, stipmalls, owner occupied SBA loans, etc...