Not to say there are still some diamonds in the rough out there, but the competition is very high - especially for the online sales

@Sabrina Rios in my opinion wholesaling is not a good way to start out, especially in California (high cost of marketing, competition, no garuntee of success etc.) , you might consider using an FHA 203k to house hack a multiunit that needs some work in your area (there are quite a few)  Creative finance opportunities aren't as common as many on Bigger Pockets make them appear, seller financing is fairly rare and when available usually offers terms inferior to those of a traditional lender. 

I'll preface my comment with the fact that I don't know the area at all but, according to the Zillow ad, you are priced significantly above the competition and I don't see comps that support the price you are asking.

Low interest rates and typically interest only payments makes it much more competitive than hard money lenders.

These I view as true competition.

Make sure that the State's law allows you to get a Flat Fee MLS listing or Entry Only listing. some states prohibit this - check the Department of Justice website for your state's specific regulations at: https://www.justice.gov/atr/competition-and-real-estate

I have already had a guest complaint about the dogs..I can live with the garbage issue, but the loud music and dogs will lead to bad reviews which I cannot afford in a very competitive market.I would appreciate any feedback on what my options are in this situation.

Which means less competition.

This will help you get better at underwriting, running comps, and understanding what the competition is doing.2. 

Getting it under market value would be a bonus.So, would using an FHA 203k renovation loan, which would allow me to buy something unqualified for a standard mortgage, which would weed out a lot of competition and push the price lower.