@Mordechai ChaimovitzGreat points made above along with what @Daniel C. said referencing @Tom Shallcross's post on another thread.The context and variables for each individual investor will vary but many people are comfortable with getting a 2-4 unit that will reduce their out of pocket expense compared to their previous rent with the intent to do rehab and raise rents over time.

Just make sure you guys are comfortable with the area before pulling the trigger.

Provided I can establish a solid investment plan tailored to their financial needs/comforts such as debt ratios and income, they would be more than happy to offer me some financial control.Additionally, If I wanted to, for the sake of building my own personal wealth, I admittedly have the luxury of taking a loan from my parents.

The high HOA fee is already a factor, so ensure you’re comfortable with the overall carrying costs.Focus on the Land Value: Since the lot has development potential, you’re looking at this as a long-term investment.

There are good deals to be found, and people should invest where they're comfortable. 

Are you comfortable analyzing ARVs, purchase price, 70% rule, rehab costs, holding costs, etc

If you're comfortable posting a link to your property, it would give you more direct feedback from everyone so we can try to help you meet your target. ;-)

Get out of your comfort zone.

With that being said, if you're comfortable with a long term hold, San Diego and especially coastal, will always be attractive imo. 

Get out of your comfort zone.