He is the king of househacking. 

Purchase price: $155,000 Cash invested: $3,000 Sale price: $180,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a deal on Seattle Street, Modesto, CA.

If so, that would be a good starting out point as $20k can be enough with a hard money loan and a lower value property (although likely challenging in CA).DSCR Loans are an option for turnkey and a refinance - there is no DTI involved in the qualification so salary does not matter

I'm Isaac from Southern California, passionate about real estate investing for the medium and long term.

We are located in the Central Coast of California, but are fine with anyone that has specific knowledge of California and could offer their services remotely.

I have pretty much found all my own deals just from searching through Zillow and the negotiations have not been too hard, so if I can save some money on the commissions that seems to be worth it to do the rest of the work by myself.Yep....I got my own license in California about 20 yrs ago and it did absolutely zero to help me over not having one.

@James Kojo $800/year to have an LLC in California?

Property is in CA, I have an agent but would I need an attorney to review the transaction?

We have three rental properties and they are in Sacramento, CA, Boulder, CO, and Newport, OR.

So many of my out-of-state clients from California are successfully purchasing flips, BRRRRs, and buy and hold deals here at a very cheap price point, cash flowing, and have tons of appreciation.