@Lue Yang FHA will give you the lowest downpayment with you being a nonoccupant coborrower.You can also do conforming, but downpayment will be 20-25%.BTW - if you find a property that needs repairs, you can look into an FHA 203(k).

My roof is not dark (it's metal, orange-like color) but it's not really visible given the higher elevation compared to the street. 

I know I want to start small/slow with one project (either a rehab/flip or a buy/hold long-term rental) and invest only in areas that I know or live (Los Angeles, Orange County, CA) at least in the beginning.

I actually live in Orange County.

Comparing Equity with debt is kind of apples vs. oranges. 

>Orange County’s rates are steady, with limited increases expected until 2025.

Yes, you can cut your hair yourself, you can floss and deep clean your teeth too , also prep your own avocado toast with your own squished Orange for drink.. 

Are you looking to buy property in Orange County?

Quote from @Daniel Yang: Hi, if I have an existing contract with a voucher tenant and want to request a rent increase, what should I keep in mind that would cause the reasonableness rent to be lower? 

I discussed the impact of our beach STRs in San Diego (is there a more drive to destination with Los Angeles (12.6m), Tijuana (2.3m), Orange County (3.6m), San Diego (3.3m) all within a couple hour drive of our STRs?)