Well this is going to be more mandated by your investor base than anything a mentor can help you with (i.e. there are groups raising money targeting low double digit returns, with limited cash flow, and other groups that need to show mid-20s to get investor interest).Lastly, if you are looking at a mentorship: really hammer on HOW they will help you be successful. 

Class A properties are going to cost you more, have lower cash flow, yet be more attractive to a higher quality tenant base.

The structure is mainly appreciation-based, which minimizes tenant and maintenance risk. 

This method provides an indication of value based on the property's rents.

I'm also based in California.

So, here are the basics based on my market, which is AZ.  

Covering my bases!

You can get something that's turnkey or new construction at this price point, and most importantly, there's a strong tenant base ready to rent out these homes.

Position these as limited-time deals to attract budget-conscious travelers.Be Responsive and Personable: Guests often book based on their interaction with a host.

For now, consult a CPA to determine the best structure based on your income and investment goals.This post does not create a CPA-Client relationship.