Since we live in the SpaceCoast, my husband has an explanation that is fitting: like a launch sitting on the pad, there is a lot of shaking going on, smoke is pouring out, and for some time the rocket just sits there. 

The price for the house isn't too bad considering it's a newly built single family with some nice finishes, but I grew up in the Carson area and north Carson has always been known for having a seedy element to it.

Rents where higher so that was nice, but I ended up going a different route.If you're trying to start something new, I believe a lot of HOA have rules against home business....It's newly built commercial / store front condo, part of a big shopping area. 

You can buy with equity if you buy " desistimientos" which are properties that had fell behind on.thenprocess due to buyers inability to continue the buying process ..at this point you buy a quicker to deliver property which due to the passing of time ( 1 year plus ) has alredy earned in valuation compared to newly deployed projects...

Looks like it might get a better response...launch it and see where it needs modifications.

I can see making CapEx lower for a newly rehabbed property, but why not estimate and include vacancy and maintenance?

I have a newly ratified contract on a Hanahan home that I believe to be significantly below market value.

I have a newly rehabbed 4bedroom 4bathroom up in the hillsides of Tujunga.  

I think adding a bathroom and any other updating (such as to the kitchen or changing from carpets to plank flooring) would make the unit much more competitive so at least, if price appropriately, the newly renovated rental will not stay on the market too long. 

Can you work to get your newly purchased property deemed condemned?