If done right, you can refinance at the end of your rehab and pull close to, if not all of your money invested in the property (down payment + rehab cost) and then buy another house and do the same thing.

The commercial world is an excellent place for you to be "cutting" your teeth.

More Federal Reserve officials at their meeting last month signaled concern with cutting interest rates too soon and allowing price pressures to grow entrenched.

However, it may be feasible to cut along the grout lines and remove a section of the tile, perhaps a 3'x3' area right inside the entryway, and replace it with a different flooring material that matches the tile but offers enhanced slip resistance.

I have an initial down payment.

I would be willing to do a free market analysis to tell you what the property is worth if that would be helpful just shoot me a DM.2) Are you able to make the minimum payments on the debt now? 

If you can cut in free-hand, do it.  

As of now we have a date set for them to come do the $13k of work but we have till March 19 before we need a down payment and commit to the work.

This will show the bank how you intend to fund the mortgage with rental revenue.Be prepared to provide collateral and establish the needed down payment for the loan.

SFRs in the Bay area are crazy expensive, the down payment and mortgage payment would be a huge gap to fill.2.