You're fortunate to be in a great market.

Next tenants will be screening us and if we are fortunate enough to pass they will hand us their lease to sign.

I am new to real estate as an investor, though my wife and I are on our second home now (fortunately made a few bucks on our first purchase thanks to LA appreciation) and I have always been interested in investing in general.

Fortunately, it's not that massive, so your total renovation cost was about 40K.You could use hard money for that purchase at 80% loan to cost so 80K for the purchase money and 32K for the renovation money.  10% interest only and 4 points.Now the renovation is done. 

Fortunately the home I’m buying is essentially move in ready with a 2nd unit that will pay my mortgage, so I’m fairly comfortable looking for something else quickly. 

I am fortunate enough to have a great employer that values my work along with a good support system in my wife. 

Fortunately, all of my units are filled with employed and paying tenants.

Leased by a large Fortune 500 company.I thought it was OK, but the price was pretty rich for the return.COuld be worse, I've seen guys trying to sell 6% CapRate coffee carts at effectively $2000/sqft. 

We are committed to helping where we can,  we are extremely fortunate to have little negative economic consequence (although husband is retiring three years early as he was offered 13 months pay to do so).  

I am fortunate that very few of my clients have ever been through it.