House Hacking in California

[Matthew Hartzel]

Hey everyone, I'm 23 years old and looking to get into real estate investing as soon as possible. I'm currently studying Economics at UCLA, and will be graduating in 2018. I would like to be in a position to begin REI at most a year after graduation (after graduating I plan to have a solid W-2 job which will help with financing). I have a small amount of savings (about 10k) which I'm currently working on building up. Ideally, I would like to begin house hacking because paying my current 1700 a month in rent is really hurting my ability to save and focus on building wealth. I know California's market isn't the easiest to house hack in, but if anyone has had any success or has any advice I'd love to hear it. I will most likely be working in the LA area upon graduation, so I'm hoping to find a place that is within commuting distance.

On a side note, I inherited 42.5% of a single family 3 bed 3 bath home in Santa Clarita that my sister and I are currently renting out. Just thought I'd throw this in here and see if anyone had any general advice!

Thanks in advance!