Then on top of that I have four multifamily in Southern California, and they really have not appreciated that much except for the value add that I have forced.

@Gregory GadsonHi, I attended the Renatus 2 hour seminar in North CA last night.

Our lot size is 7300 sq ft and main house is 1700+ sq ft.Location: San Jose, CA- We were thinking to potentially design the ADU such that we could have a wall (or a door) that allows us to separate the ADU into a 1 bed/1bath for self use (or rental) and another part which could be rented separately on AirBnB as needed.

CA notes are very high on demand and frankly overate it as everyone love "Sunny California".

Looking forward to my visit in a couple weeks as we continue our research for an STR in the area. 

Owned land is being sold at near building cost or a bit above building above cost (this is CA mountain building costs).  

I'm looking to start off in areas with lower costs coming in, preferably under $100k single families but definitely under $200k.These markets are particularly appealing for novice investors, especially those from California, as they offer more affordable options compared to local alternatives.

It takes a long time to build wealth in RE 15 to 30+ years from the California investors I talked to. 

Best advice is to join or visit a local REIA meetup and start shaking hands.

Thanks for the reply :)  Are there rent caps in California?