All I did was look at a property, run the comps, and got a reno budget, So nothing to intense.

Most investors do not turn to the commercial policy until later (when managing many properties becomes paperwork intensive) because the cost is usually higher. 

I do not have any income at the moment being that basketball is essentially paying for my schooling but I do work over the summer. 

I use our guest studio as an AirBnb, I picked up a 2nd job waiting tables, I coach a HS Varsity basketball team which pays a little extra during the season, I teach kids in my town how to shoot a basketball properly, and I'm starting to get into FB Marketplace resale.  

Hi Josh - it can been profitable, but it is wayyyy more energy/time/stress intensive than LTR.

This works OK for relatively static and simple investments like a private placement or crowdfund, but can become rather cumbersome and expensive with a more time sensitive and transaction intensive asset such as tax liens or rental property.

It's not all bad but they're definitely more management intensive than a regular college student and a regular college student is more management intensive than your typical yuppie or family rental. 

That doesn't mean it's impossible though, just much more time consuming and capital intensive has been our experience but overall, we think that just improves the project.

I'm wondering if, due to the intense competition of the CA real estate market, if trying in other states (online) might be a more profitable option?

We use most Graco equipment and we have a fleet of 16 sprayers, from smaller HVLP setups to the bigger more intense Airless units.