I'm exploring options and this seems like a good way for me to purchase the next deal but I'm treading lightly as using unsecure loans sounds pretty risky and of course I need to consider ALL things including their terms, market conditions, capital on hand (about 30k to invest) and my strategy which is to BRRR. 

We will need to perform all new MEP work in addition to updating the finishes.

Appreciation means rent appreciation in addition to the value of the property.

I think I explore equity extraction to have some liquid ready to go.

Check for any encumbrances or liens on the property: Before finalizing the purchase, make sure to conduct a thorough title search to ensure that there are no encumbrances or liens on the property that could affect your ownership rights.While you can start with a California Real Estate Purchase Agreement template, it's important to remember that each transaction is unique, and you may need to include additional provisions or negotiate specific terms with the seller.

Still exploring the financing options that are available and doing lots of reading to learn more. 

Someone in your situation might think to explore Physician's Loans since you're DMD which would qualify you for 0% down and no PMI so I'd see if that's a fit alongside with other lending products.

Additionally, you may want to consult with a real estate attorney or financial advisor to ensure the deal is structured in a way that is advantageous for you.

Now that this property is renovated and rented, will you continue to purchase additional properties? 

We are excited about the opportunity to explore the real estate market in Dallas, Texas, and to continue our journey of improving properties for resale.