All of this said, be sure to do your research on STR regulations first and find a STR friendly location.

These software are often excellent platforms for tracking income and expenses for investors; being user-friendly.

After those sources are RE agents, mortgage brokers, friends and family.  

Our DSCR product is very STR friendly and heavily lean on AirDNA data vs appraisal.  

A friend of mine in Austin once negotiated a partial buy back option when the seller realized they might want back in if the market soared.. from what I read in Bloomberg, that approach can work well if both sides trust each other.If the tenants’ rent covers your carrying costs, that’s a nice cushion, but you still need to clarify that buy back clause.

Or like many small in businesses you raise cash from friends family and anyone else that knows loves and trusts you.The other thing I suggest is to make that $27,000 or $37000, or $50000 yourself over the next year. 

@Denise Lang Starting your real estate investing journey out of state can be strategic given California's high costs and tenant-friendly laws.

Quote from @Todd Fullerlove: Howdy BP friends,I just relocated to Knoxville, Tennessee, Tennessee.

I was envious of a friends big gorgeous fixers in Arkansas, and I reacted by over-renovating, holding on too long, getting over-leveraged and then 2008 happened and…well enough said.

Now as I stated I'm not a agent but I do feel confident in this here friend.