Biggest savings opportunity you have is to set up an account at any of the paint companies; you'll get substantial discounts vs consumer pricing.You'll find as many professional painters swear by brand Z as for brand Y.

However if the interest rate is 5% it makes sense to use your cash to buy a rental as you can earn substantially more than 5% on your money.

Properties are labeled as potentially having "substantial forest fire risks and hazards."

If not you will have to drop your price fairly substantially and most likely be looking at a lower class of tenant.

However, if you can do a HELOC, that may be the way to go, but you'll need much more substantial equity to do a HELOC compared to doing a Homestyle, CHOICERenovation, or FHA 203k. 

@Marc Estepa, The 1031 is a process that allows you to sell investment property that is either appreciated or been depreciated substantially so there would be tax due upon the sale. 

And should I be skeptical of this BRRRR because it kills my potential cash-flow (my real estate goal to have substantial cash-flow to not be held down by a job, by 26 more specifically so I can travel on a budget of course.) ??

Since that property does have substantial equity  I do plan on using the equity as needed for future storage and multifam when the timing is right. 

@Jorge DuarteYou are already thinking in the right direction, below are what you should know:Housing is the one leveraged investment available.You're paying for housing either you rent or own.Owning is usually a form of "forced savings".There are substantial tax benefits to owning a house.Owning a house is a hedge against inflation.Goodluck my man

Is unable to pay rent due to substantial loss of household income or medical expenses4.