Move as quickly as you can and don't over improve the property for the market. 

Cost of my capital improvements is another. 

Currently I am working towards improving my personal finance position in preparation for buying my first property i.e. paying off debt and minimizing monthly expenses and lifestyle spending.

So settlement sheets, rehab, and any improvements for cost basis.

This property has a long term tenant but I will gradually improve the property and increase rent to market value.

Also, if you are able to make improvements with sweat equity while you live their you will be able to fetch much higher rents going forward.

But if it does, it will improve quickly.

However; CA is now under stay at home order, and they're talking about Marshall Law, which of course being CA, most think it means it was done to give everyone a jump on summer vacation, and allow them to go to home stores and buy supplies for home improvement projects.

Depending on the improvements you've made, you may have a good amount of equity in the property.Brandon Turner's first property was a live-in-flip, as described in THIS ARTICLE.My biggest concern would be over the dust/dirt factor during construction.  

My background is in software dev and I worked on a major bank’s REO website query improvements so I’m quite confident it’s not an earth shattering technological challenge.