I thought Antoine and Angelica from his team were helpful and I loved how the property already came with a tenant so I didn't have to pay the prop. manager one month's rent fee!

Do a unit turn and then re-rent it.

If your operating costs are below the market, your NOI will likely be matched closer to the appraisal's market rents.

If I am going to hold and rent, 3 beds in our market get about $300 more per unit, and are desirable in there aren't enough of them.If you're gonna hold and refi, I would make it a 3 bed.I may be just looking at it from a multifamily perspective.Let me know what you end up doing.

Rents have been consistently rising as well.

You'd need to make sure the property is in rentable condition and that the rent will be high enough to debt to cover.

Real estate continues to be high where I am located and when I calculate the mortgage payment with 20% - 25% down, it only breaks even with the rent I could collect. 

I own real estate outside of CA, both in the country and internationally but have chosen to rent in Hermosa Beach due to the high cost to buy a home in coastal southern California.The apartment complex I live in was bought April 1st by an private equity company who gave all the residents a 60 day notice to vacate so they could due a total rehab.   

Plus with larger properties, a few families can split/share the cost to rent.

Also, how are you setting rent?