What to do with the equity in my home?

[Daniel Arevalo]

In the past year I have been trying to educate myself as much as possible with how I would like to utilize the equity in my home to invest into my first real estate investment. However, I'm still very much undecided on what path I would like to take. I reside in Southern California and the real estate market here is quite expensive unless I invest into low income neighborhoods. I've explored short term rental options in the palm springs area but not sure that I would want this to be my first experience in the real estate business although I do have good resources where I can hit the ground running (or so I believe). I have also done some research on different OOS areas that would generate positive cash flow, as this is my priority at the moment. I have daily emails sent to me of different inventory in the Memphis area which is one area I have identified with the potential to generate positive cash flow. Thoughts anyone?