Renovations are high cost items 

I highly advise you to reach out to people that are experienced real estate investors and ask them to mentor you.

If you're established enough as an investor that you're already doing projects and own assets, it's highly likely that taking the time to save 10 cents per letter by doing it yourself is not worth your time.

Additionally, you can rent it out for a minimum of 3 months (high season in Florida), 2x per year which is very investor friendly.

I'm in the Pacific Northwest where home prices are quite high.

Since a WL policy is generally very safe, the LOC LTV will be high.

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Also, there seems to be high risk of tornadoes/high winds - looked around for data.

Competition is high and operation cost is high .My property is in California, so wanted to get ideas from owners who were in my shoes.Any suggestions appreciated.Thanks.

Fortunately, all three inspectors (from different departments) were very supportive and one inspector even stated they will not return, even if another complaint is filed.I want to offer a cash-for-keys option, but since the tenant's attorney is from a nonprofit, I feel she will fight for her tenant to stay.