Clearly define terms, including an exit strategy, buyout options, and how proceeds will be split.

I'm finding that this strategy is helping people, building repour with people, and continuing to keep business moving forward while some say it's hard and sit on the sideline to wait until there is mass movement.Appreciate your time and reply and good to hear that you're experiencing some similar action a couple hours' drive away. 

Currently, I'm analyzing different markets to see which one will best match my strategy.

Smart tech, such as fast Wi-Fi, streaming services, and keyless entry, consistently gets positive feedback, as do luxury bathroom additions like plush towels and rain showers.

Too many strategies to address  on a post like this but I recommend you research all of the above.

What are some other emerging markets maybe with a bit lower to cost to entry for a BRRRR strategy?

@Jacob Hrip For a first-time investor, financing options like a HELOC or private funding depend on your strategy and risk tolerance.

. - some strategies I've seen California investors use to lessen negative cash flow: house hacking, mid-term rentals (people temporarily displaced from home renovation or insurance reasons like fire), rent by the room, Short Term Rentals. - The ultimate house hack, live in the small ADU unit and rent out the two levels of the main house on AirBnb in San Francisco (I would have thought STRs are oversaturated in S.F. but it worked for them and they stay fully booked).

To really connect with investors here, you need to contribute consistently to the forums and have some of your deals posted on your profile.

Watch out for ordnances and HOAs with this strategy.