Bar area investors - How much do I need to get started ?

[Vivan Bhalla]

Hi,

I am a newbie and want to get started with real estate investing. I live in San Francisco and my goal is to buy properties that can slowly start replacing my income. However, I am getting a difficult time analyzing how much would I need to start in this market? I am open to house hacking and also looking to make this property as my primary home and get FHA loan.

My price range is 700-800K initially. I want to know whether I should increase my budget or look out of state?