Thanks for the reply, I was asking this question trying to understand the valuation for when I would complete the project for refi and potential profit.

Hi Kenny, I have found a potential private money lender to lend me 20% of purchase price for down payment.

If you are not afraid of conversions, you could potentially even venture into RM1 conversions - single family home zoned RM1 - converted into a multi family residence. 

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

I already rejected few better potential candidates who inquired to have a dog.Can anybody give some help for this situation?

Comparing to comparable STRs in the neighborhood would be the best way to determine your potential income 

The potential profit margin was great!

Proximity to large hospital and potential for numerous small business enterprises.

I have no interest in being thrown into a family feud and a battle of ownership with potential for a California eviction.

Look at when those properties are available, anything not available is potentially rented until that listed date.