I use craigslist a lot and the map feature is an efficient way to estimate rent for a property you're looking atYou can look at current listings and what prices homes sold for on Redfin Shop for financing (2nd loans, HELOC..etc) from as many sources as you can - Chase gave you one option, get other options from other banks and credit unions in the area. $40,000 (for total purchase price) might not get you a SFR in the antelope valley but might get you a mobile home - $6,000 will of course limits your options.

Anyone know some good sources for finding FSBOs and Rental ads for calling?

They have the incentive to say that things are good , sale price is reasonable and units are occupied all the time.This part is something you kind of have to research on your own.Rentometer, Rentjungle and craigslist are good source to find average rent around the area.  

one side needs some cosmetic and appliances and the other needs some work (there was a leak at one point and the ceiling is a mess).Question - To do this I'm going to pull funding from a few sources (401K, Savings, CC, mortgage).  

Use your easy sources first: MLS, local paper, friends and family.  

Also, the only functional water source on the first floor is a working stationary sink that’s been in use for several weeks and it’s not plumbed with pex at the moment.

But the key is first getting an idea of what strategy you will use, then find the data sources that fit your execution plans.

The forumn is an invaluable source of free information.

That 1/30 has been about my results so far from other lead sources so that could be a lot higher or lower...so far 27 leads, no deals yet.

There are other private sources out there, but they usually want a better LTV than the bank..From what I understand, VA loans are for owner-occupants only.I was also unclear when you said "buy and hold at least until summer for a bigger profit".