It all boils down to having a realistic expectation on your returns and being disciplined in the types of properties you purchase. 

The hardest part is discipline and to actually drive up and down streets noting properties that may be distressed.

I have two mantras on my office wall: 1) Excuses never lead to success; and 2) Discipline never leads to failure.

Banks in my area offer renovation loans for 85% of project cost (purchase plus rehab). i use private money to make up the difference on the renovation costs. i have also used this strategy and instead of private money, used zero percent interest credit cards. if you have good credit and are disciplined, credit cards can be a great source of capital. many offer 0% interest for 12 months or more. i use the bank product to buy and start the rehab, and put the difference on the credit card. when the property sells (or refinances) i pay off both. 

However, if they are making $500k a year, they can easily have their 1 million savings after 3 years with a financial advisor directing them and some discipline. 

Vision, Leadership, Time, Energy, Expertise, Discipline, Diplomacy, Thick skin and Patience  2.

And you need the financial discipline.

But again you can find homes with no CDD and no HOA fees you just have to stay disciplined in your search.

HOWEVER... personally I love 2/1s, 2/2s, and especially 1/1s... if you’ve got the discipline and processes in place for managing them they will yield more $$$ in cash flow than the 3/2.

Orland is a tough market to cut your teeth on, but if you educate yourself and stay disciplined it can also be lucrative.