@Michael Plaks I've posted on this subject frequently on BP.

Also, this is a pretty comprehensive book on the subject: https://www.amazon.com/Subsidized-Comprehensive-Government-F...

Quote from @Michael Keith: The real estate market is often the subject of speculation and forecasts, some predicting downturns or even crashes.

Real estate markets can be volatile and subject to local economic conditions, potentially putting all your eggs in one basket.Liquidity ConcernsReal estate is an illiquid asset.

This way, you can still have a personal touch in your selection but ensure that your decisions are based on measurable factors rather than subjective preferences.

Find a property you’d want to own where the owner is willing to sell with owner financing or subject to an existing loan.  

We frequently hear investors chasing properties that meet the "1% rule" which in my opinion is a  flawed underwriting practice (have posted on that very subject a few times in these forums), but in order to achieve a 14% cap rate your Gross Operating Income must nearly meet 2% of the assets cost assuming your operating expense ratio is at 35% (which is very lean on operating expenses).

Hi Guys, as subject mentions i'm interested in trying to find a private lender that can offer low rates for higher LTV on primary residence property.  

Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

It is key to prioritize comps that have been sold within 3 months and are within .5 miles of your subject property.