The biggest thing you should do is figure out which market you are trying to invest in and do some heavy research in that area.

One option is investing in real estate as a private money lender.

I’m still working the in’s and out’s of BP but I will try and send you a private message. 

@Thomas Loyola you haven't addressed the Class of property you intend to buy, so your assumptions could be too low or too high.Your biggest challenge is you are assuming you have to pay asking prices!

Hard Money Loans: These are short-term loans from private lenders based on the property's value rather than your credit score.

Strictly from a private money lens: If you're open to a 2nd position private money loan against your STR's, it's possible.

One of the biggest misunderstandings I see among real estate investors is thinking that setting up an LLC in another state allows them to avoid California’s franchise tax.

Look for private sales in public records or on FSBO sale sites, and/or6.

I've actually been working with private money lending for a while now, and I've seen a lot of variations in terms and conditions.

I know I can reach out to some mortgage brokers to connect me with a private lender for most of the mortgage and then I would just need another lender to supply the down payment and renovation money.