okay so I am currently living in an apartment right now, and I am really interested in purchasing my first property. I work in the San Fernando Valley, CA. I am on the market to purchase a duplex (preferably) or a house and convert the garage to an ADU if possible and live in the ADU while rent out the main house to produce cash flow. The problem with this is the duplex's that I've found off multiple websites start off at $700,000. I have a realtor that has started the process of getting a preapproved loan but also I was looking at how much people in multiple neighborhoods are renting out their houses and back additional units, and they are getting anywhere between $1200-$2500 depending on the neighborhood and the size of the unit. I'm not sure if I am not looking in the right places (realitor.com, Zillow, Google, and craigslist) or if the market doesn't currently have any deals. I don't believe I can have positive cash flow if I'm purchasing a home for this price. any advice on what should do would be lovely. I work in the middle of the valley as a mailman and would prefer not to have to deal with LA traffic so I would love to stay in the valley but don't know if I can find a good deal here in the valley
