Following - I'm also based in California 

I follow a lot of real estate investors who post on social media - their free advice on YouTube and podcasts are fine but when they try to sell you $5000 to $20,000 programs, hard pass.

source_impr...Depending on your goals (using it for you and your family a few times a year and hoping it pays for itself, parking some cash for a few years and hoping for appreciation or strictly cash flow) will determine what size home and what your budget should be.

The BRRRR Method is really designed for this - I'd recommend buying the "BRRRR Book" in the BP bookstore and following that strategy - it basically outlines this exact gameplan in the opening chapters

We also have a strict policy that anyone 18 or older living on the premises must be properly screened and approved. 

As long as you follow protocol and get the property lead certified (which is particularly important in Cleveland), you'll be in good shape.

I recommend following aleksey chernobelskiy as well.

I will follow up there.

Yes lets take $50/mo over $1M right now....What is unfortunate is many people are followers and will believe the below is true...

I realize residential financing doesn't currently allow for this and pulling money out down the road could be more complex or strictly in the commercial lending realm.Any and all feedback is appreciated!