That $3,000 is typically the annual cost for a full service property management option. 

Is inventory as high as you hear in the media and are builders offering financing at more competitive rates?

Too many other investment options. https://www.neighborhoodscout.com/ca/san-diego/real-estateAs with any large investment, do conservative accurate underwriting before purchasing in San Diego.  

.: @Sadler Surratt - just curious, why did you ask Cosmo about looking into turnkey options in Huntsville? 

Some lenders offer discounts to return borrowers so maybe look into both flip and DSCR rates when finding a lender. 

A HELOC offers flexibility and lower interest rates, which can be ideal if you’re looking for short-term financing with lower payments during construction.

New construction can be a very attractive option in certain markets.

do you have an offer from a builder currently and by builder do you mean your house is a tear down and rebuild.. or just a rehabber who is looking to rehab the home and flip it ?

Don't chase the market to the bottom.And Check current comps before you make that offer and close on that new purchase. 

I have saved up some money but my goal is to save up at least 20k in a year before I start looking for options on house hacking in a duplex.