I don't know what your lifestyle is like, but if you're able to save $200K-$300K or so per year, this is extremely achievable. 

GC's typically build in a healthy margin, and if your PM feeds them most of their business, they will definitely lower prices when pushed.

If the property meets your financial and lifestyle goals, it could be an excellent first house hack, but be cautious with the risks and have a contingency plan.Good luck!

If you are willing to sacrifice part of your life style, you can always consider living one room/unit of the house and rent out the other vacant unit out to lower your monthly mortgage payments!

i am confident i can manage the relatively small amount of requests, and have heard some good things about apps and software that are a "one stop shop" for landlords that allow payment, leases, and repair requests. i have one out of state rental property with a plethora of options for handymen and contractors around. i have been paying a property management company 8% plus all of their inflated costs of repairs and fees and with insurance going up it has really opened my eyes to my margins not as healthy as i would like.do you have a certain product you have used or use or would recommend?

The purchase price vs rental income is very healthy (assuming occupancy and collections are there).

I've got great credit and a healthy amount of capital compared the loan amount.

My other two will need a healthy $50k-$100k in fixes which isn't an issue but getting someone out there is.

You can invest in both CA and out of state and experience what works better for you and your lifestyle and goals. 

Utlimate goal is to maintain a healthy leverage on the rental property.