The only approach I’ve found effective is offering a deposit alternative, which lowers upfront costs for tenants without devaluing your property.

I invest primarily in a lower cost area but also own property in, and am looking in, a higher cost area.

In a climate like this with high rates, probably better to use a Heloc so you keep the lower rate of your 1st lien.

Generally speaking, I think tech like this stuff and social media have lowered the barrier to entry, allowing people to take risks they dont fully understand, whether wholesaling. flipping, lending, etc.

You will have a leg up on the language, transactions, inspections etc.  

Focus on learning how they generate leads, negotiate deals, and close transactions.

By insurability I'm referring to the problem created for title insurers evaluating what has transpired and whether they will issue a policy on the next transaction.

There are some zip codes where you can indeed get above market rent with S8 (even after deducting utility allowance), but some where they are lower.

I would negotiate a price point that is lower - maybe the 10-12% range above "market".

Lower property taxes, affordable housing compared to LA (CA buyers are usually cash buyers because what they net from their smaller home in CA can get them a bigger home here, often covered by what they net from their CA sale), allergies (smog), and politics.