Do these folks have temporary  overage for places to live?

Well, you came to the right place to ask that. 

I have since done the demo work to remove the paneling and replace / add insulation and the new electric work is now hanging in place in "old work" electrical boxes.

Unfortunately, he got behind on property taxes and was struggling to keep up with maintenance, so the place was in rough shape.

It might help to eliminate the places you would not want to invest to narrow your search.

This means that every year, your IRR (Internal Rate of Return) will increase.4) In an appreciation heavy market like San Diego, the IRR is going to be the best way to calculate your earnings as cash flow is fairly low relative to initial costs (down-payment, closing costs, carry costs while placing tenants)5) To calculate your IRR, you want to use this formula: (Appreciation + loan pay down +/- Net rents)/ down- payment.you can include the Closing Costs, and carry costs, but I usually do not.

The note from the first seller is only $88,600 so you have more than enough equity remaining to place it in second position which leaves $61,400 in equity on the new property or about 4%.The first seller continues to receive payments and has sufficient collateral to cover the note. 

you are in the right place for learning . every day read as much as you can and soak up all the invaluable knowledge here on these posts .

.:) And travelling to my clients place of business and helping them do RE deals..

She will probably game the system for the next 6-12 months, but that's what you get buying a property with a non-paying tenant in place, in an anti-landlord city.