Quote from @Clayton Silva: 2nd position HELOCS on investment properties are typically capped at 70% LTV and have rates ranging from 9-11% just a heads up unless you use a local credit union where you have cash on deposit with them. 

Your local county/city has most likely adopted the international building code as most do.  

This deal was brought us off-market by a friend.

For financing, there are programs like FHA loans for first-time buyers, and there may be local or state-level programs offering incentives for affordable housing investments.

But for the last 3-4 years local residents have decided it was cheaper to just take the groceries. 

We keep chugging along. 10.2% appreciation in 2024! 

I have a lot of personal experience with BRRRR—both from building my own rental portfolio here in Memphis, TN and from helping both local and out-of-state investors successfully scale their portfolios using this strategy.One of the biggest advantages I’ve been able to offer my clients is structuring deals with hard money lenders in a way that allows them to acquire properties with less than $10,000 out of pocket in most cases which results them in massive cash on cash returns!

I'm with @Huong Luu but would add join a local REIA and find some PMLs they are always hanging out at meetings.

@Tobias JonesesYeah, I don't know California, so talk to a local STR-friendly agent.

Get to some local meetings.