Myrtle Beach has a lot of oceanfront condos that cashflow nicely in the $125k - $250k price range. 

We're seeing tons of over asking price, cash, as-is offers even up to the mid 200k range. 

At this time most multifamily properties in Socal seem to be out of my price range / down payment, but I could be wrong.

I respect that is likely not the game you may be playing.

You should have purchasing power-up in the $500-$600k range, some of the western suburbs like Cicero and Berwyn have decent cash flowing multi-units in that price range.Was there a particular reason you were thinking of buying a condo?

A signed agreement between Tenant-In-Common owners details respective rights and responsibilities.

The rehab estimate sounds a little light for what is required, and is definitely at the top of the hard money range/70% rule range.

I am looking for some advice and will try and keep this short and sweet in order to respect everyone's time. 

Your LLC has to be 100% owned by you and has to be disregarded LLC to have your 1031 respected. 

Since these properties in my targeted area can be found in the 50-70k range I plan to buy outright for my first property.