If i lived in San Jose, the first RE investment that i would consider is a local property with an ADU that had distribution on the lot that would allow a profitable lot split.   

It's a shame, the home is a great home to live in with potential. ( Side note, the seller only wants land value.

@Erin Colbert You would need to be living somewhere, and you would need to sign the deed restriction.You can live on the couch and rent out all the rooms in all the ADUs and JADUs you wanted - as long as you sign the Deed Restriction for owner occupancy, as well as that would go along with the sale, so you could not sell to investor just renting out the house

Most of the methods are for advanced investors and not nearly as common or easy as portrayed by YouTube gurus selling courses for a living.

I live in Utah, where the real estate market has exploded to say the least through COVID, so investing in my backyard isn't something I'm interested in right now.I'm looking for a market with houses available to be renovated under $50k!

Not going to live off that income.

This fall we launched 2 more syndications for infill developments in Boise. a 30+ unit Live-work townhome project in West Boise that has never been developed on 1.3 acres of land and an 8 unit lot split on the Boise Bench with a house to flip on an acre. 

And now live the life they enjoy as they enjoy that part of the  business..

With your point, it seems like living security of 'where's next' for them will be the biggest obstacle for the seller to overcome.

PMs have to keep the utilities working for various reasons (uninhabitable living conditions, pipes freezing, etc) and you can't count on a tenant like this to do that.