Stayed for four days and I bet they had 80% vacancy or more.

Just a deck, the most odds in my favor to reduce risk.

Mixed answers because this is a truly odd situation.It shouldn't be on two deeds IMO. 

If it's your 1st deal and you're not able to raise money from your family and friends, your best bet might be to start off working with private lending/ hard money lending companies. 

I bet there’s a set screw you’re missing.

If not, I'd bet your in the clear.

You're going to have a difficult time finding hard money lenders that will do just reno, best bet is to find a private lender

The odd thing about this house is that it's in pristine condition.

Not very viable for wholesaling but viable if you are BRRRRing or flipping since we're in SoCal3) Great for practice on talking to sellers and learning to listen for DMF4) Low probability in our market5) Good probability bet - not as many investors doing this.6) Doesn't hurt, low probability, but persistence may pay off.7) You need to practice at least 10 deals a day until it becomes really easy and fast.

Jonathan,You only need one person to qualify on the loan but keep in mind your best bet might be just to use the DSCR program which will allow you to close in an LLC.