Barrier for entry in SOCAL. $$$$

[Eric Kotzman]

Hello everyone! 

I listen to the podcasts daily at work ranging from probably 1-3 per day.I'm also reading Brandon's book on rental properties. One thing I am quickly realizing is that unless I have a big chunk of money laying around, or I borrow a lot, getting started in my area is a bit difficult. On one of the recent podcasts the guest only bought in cash mostly which what I'd like to come close to as I hate having debt of any kind.I am living in the Santa Clarita/ San Fernando area, and my income is marginal at best which I am working on. I would like to start out investing in small multi-family properties, but it's pretty slim pickins where I am at. I'm curious has anyone moved to another area where prospects might be better/more affordable to start? The small first step ideally would be to secure an FHA loan, get in on a rather inexpensive property with little repairs/renovations, and live in one of the units while renting the others. I have great credit and about nearly 20k in reserves not including the down payment.

Any thoughts, or personal experience would be much appreciated!