That makes it twice as hard to make it cash flow.I would look here for a LTR or elsewhere for a STR. 

Listening to one of Brandon Turner's books and he mentions this (https://www.biggerpockets.com/blog/plan-to-make-a-million)My question is how do you calculate your loan paydown for the principal and how much equity you've built up?

If any of it doesn't make sense let me know. 

On the MLS (whether via an agent or via Realtor/Zillow/Redfin), so that's where you need to be.In short, I'd try to get more $$$ out of the furnishing by adding them into the deal instead of looking at them like things that I need to spend money to get rid of.

There is still money to be made and I think you have a good list of requirements, the pool of areas and properties is small in CA for a buy and hold appreciation. 

I’m open to any advice or suggestions on how to make the most of it.

I find that two of the biggest mistakes are in the manner in which you ask for the money (there is a good way and a not so good way) and not having enough knowledge on the subject and the proper info on the presentation of the deal itself.When I need to fund I deal, I am not asking for money, I am offering a legitimate and alternative opportunity for others to make money.

Having said that, I renewed my excellent tenants with increases to make sure I’m as close to market as I can be -knowing that future increases will be limited.

Let's just get the property furnished, a hot tub installed, and start making some money!  

@Paul @Paul Hurtubise especially family, it's not a law and you can do it yourself, but yes record a second deed of trust if you want money from them.Good Investing...