If you're going with a traditional HML, your lack of experience is going to cause some out of pocket expenses for you.

I advise my clients to get a PML that will finance 100% of the purchase and rehab expenses so when the property is stabilized, we can treat it as a rate and term refi and use the new improved value from day 1!

Lots of homeowners subsidized residents' rents during the eviction moron-atorium (while residents worked during historically low unemployment, and residents did not apply for available free rent because they did not need to).  

Not a joke, but my dad(who is a real estate broker) always said, "I'm an expensive cab driver, if I take you to the right place, I'll get a big fare!"

The rental market in the city is tight right now, making it difficult to rent to cover expenses.

The numbers actually seem ridiculously low to me. 

If possible I would want the amortization over 25-30 years.I know cash out refi is quite expensive with the origination fee and everything, early pay off could cost too or drive the rate up.

Quote from @Bonnie Low: If you're in the 30-day stay realm, you absolutely need a lease agreement, especially in California.

ShrinkflationThere is inflation and now we have “shrinkflation,” where something appears to not be as expensive / the same price but the size of the offering is now smaller/less.

We haven't had a chance to grieve because we have to get the financials straightened out, cut expenses, scramble to fund and save capital repairs, and manage her estate (properties weren't in that).