I agree that the market is very competitive in California - especially if you are searching via the MLS or making offers to distressed or vacant property homeowners. 

But I'll keep you in mind if I come across any residential properties in your area.

Take them to tour the property with you. 

I help investors optimize their financial strategy by implementing the Infinite Banking Concept (IBC), finding the best insurance for their properties and cars, and connecting them with legal experts for living trust creation.

Yep, off water, but with nearby water access and view seems to be the same ROI considering the cost of the property. 

Hi Aidan, when you first started you can create your partnership agreement per deal depending on what your end goal is for the property. 

If the only MFH options you're finding are in areas you're not comfortable with, it might be worth focusing on a duplex in a better neighborhood.Saving up for a larger property later is a valid approach too, but keep in mind that real estate tends to appreciate over time, and waiting might make it harder to enter the market later.

In addition, if you're actively flipping properties in the area, I currently have time on my hands and I'd be happy to support you in one of your projects in exchange for learning in depth about the process. 

Owning rental properties, including STRs, does not allow you to fund SEP IRAs.

Quote from @Landon Sheveland: Hello,My wife and I, are attempting to purchase our first property.