Attempting to start journey in booming market

[Scott Pellow]

I’m trying to figure my out my way into real estate investing in a currently expensive market.  I had my eye on multiple small multi family homes which all of a sudden disappeared off of the market.  I live in Lake Tahoe which has seen a massive boom due to COVID.  Properties are being bought up for cash, sight unseen by people from the Bay Area who are coming in, much stronger than I am as a local, with much higher base wages.  Currently small multi family properties (2 bed, 1 bath x2) are between 500,000-600,000 with rents staying around 1,800-2,000/month for those types of properties.  Single family homes are at the same rates as there are no available rentals due to the exodus from the city to the mountains.  Looking for any advice as to how to get in during this current trend.