I am licensed real estate professional who is seasoned residential and commercial agent who enjoy working with a variety of clients in real estate deals.

Jim, feel free to add us to your connections.My company is a private buyer and private lender on low ARV $ SFR properties throughout the country. 

Should I refinance into the low 3s to increase my cash flow to around 400 a month or should I leave it as is?

My question is if that same strategy can be applied to the Bay Area as cap rates are so low here. 

I would try and learn as much as possible through books, podcasts, and other seasoned investors in the SA area.

BiggerPockets is a great start towards getting deals done correctly and reaching out to seasoned real estate investors.I agree that you can definitely get a lot out of the real estate course, whether or not you take the certification.

FHA 203(k) loans are not  available to investors.Rates are going to be slightly higher on renovation loans, but still very reasonable.Homestyle has a rule that the repairs cannot be more than 50% of the as-completed value of the property, so when you're working with these really low priced properties you have to make sure the numbers work.  

For example, this property sat on the market for over 120 days, with over 35 showings and one low ball offer.  

Hotels can be seasonal and highly volatile on revenue streams.

Snow removal is $500.Water and sewer are $88/mo (this seems low to me?)