Noob investor in California

[Tom R.]

Hello everyone. I'm Tom from California. I recently decided to get into real estate to produce some passive income.  My plan is to purchase single family homes priced up to $100k with at least a 12% cash on cash return. I've been saving for a down payment for about 5 months.  I got most of the way before I realized it might be better to pay off the remainder of my student loans first. My payments are $584 and I only owe about $37000.  That's pretty much the same amount of capitol Id need to buy a $100k house and get it renter ready. I seriously doubt I could find a place that would produce that much cash flow in my price range.  Until I have enough money to pay off my loans in full I will keep saving for a down payment just in case a golden deal shows up. I would consider using OPM to finance my investments but I don't know anyone who has that kind of money.