New Member - Self-Employed Marketer Living in Marin County

[Tyler B.]

Hello!

My name is Tyler and I am really interested in real estate investing. I was just bought out of my business and have money to invest, but while I am starting a new online business I will have no proof of income so I'm struggling with that. 

I'm mostly interested in multi-family homes but there is nothing I can afford here in Marin County (San Rafael, Novato, Larkspur, Mill Valley, Corte Madera). I am originally from Michigan so there is always the possibility to go back there and invest after a year.

I am looking to stay in California for at least another year so not sure where to go from here. I was thinking of buying a single family home and renting out the spare room(s) to cover some of the mortgage. Is this a dumb idea? I just don't want to spend $2k/month on an apartment when I can be paying off a mortgage. 

Thanks!