You make some excellent points abut baking the PMI into the paper expenses. 

There seems to be a "changing of the guard" right now with older investors cashing out and retiring and a new fresh wave of investors coming in.

Should I sell for a $20k profit, get my money back with experience and start fresh, or should I just hold it and leave the 100k in there.

I understand that would take new permits.This is what I found true in LA County and I believe it is baked into the State law.Second way is change the law.  

With gentrification, some of that older housing gets rehabbed and thus preserving some of those older architectural elements; of course, some will want to raze these older properties to have a fresh start from the ground up.

All good Jon, the cake has been baked as a friend of mine likes to say.

From a high level I want a property that needs new floors, some fresh paints, and basic cosmetics but everything is functioning in the home. 

You still have some time but you probably won’t get much of a break on closing costs from someone else honestly—a lot of that stuff is baked in.

Hey Karina,Buying new construction is usually less risky but you are paying a premium for the freshness of the property.

New windows, new deck, fresh paint, new light fixtures and many more little touches brought this home back to life.