@Gary Bonds the only way you'll bet a business loan as a newbie, is by cosigning for your business.You'd be better off getting a business credit card you personally cosign for to start establishing business credit.

I am very happy with the performance of my portfolio - all my properties are between a 10-13% cap rate.

Your best bet is to get an estoppel that verifies their lease dates, rent being paid, security deposit, and advanced rent.

Kitchens and bathrooms are always a good bet, but think beyond the basics.

ThanksI bet that's a good short term rental market!

If you and your husband can perform the same line of work in another state like Florida, Texas, Nevada I would move out of CA as soon as possible. 

At the time there were limited 3 BR rentals in the neighborhood, but achieved such high rental rates the properties ended up performing better as rentals than as a for sale project.

You can also check online resources like BiggerPockets or Roofstock, which offer general CapEx guidelines based on property type and age.These methods should help you perform a solid preliminary analysis.

The fact its in a landbank tells me that it was taken back for some reason, which tells me its likely not a high commercial demand for development, but I could be wrong.If it is "on the main drag" in this town then I'd think doing a new build home to do a targeted and intentional air bnb would be the best bet. 

I bet they were valid.