You can give notice to one of the tenants, then move in and rent out rooms to further cut your living expenses.Yes, something I've considered but does require me to move from CA to TN, so big life change. 

California follows at 5.4%, with Illinois, Kentucky, and Michigan trailing behind.

It took five months to do the work on the home in Yuba City CA.

I'm Josh Herman and I live in Southern California.

I talked to numerous California investors in real life and phone/Zoom calls who have lost money in far away OOS markets, mostly Midwest markets (e.g. repairs, capital expenses, bad tenants, properties vandalized while under renovation, evicted tenant stole all the appliances, property managers with high fees or overcharging for repairs).

Are your investments registered with either the SEC or with the California Department of Financial Protection & Innovation?

Andy Sirkin (fantastic legal team from SF) has a library of free online articles and a set of agreements to purchase, to help you on your way to become a Subject Mater Expert. https://andysirkin.com/article...Elizabeth and Christina (The Rental Girls) have done a great job pioneering the shared ownership (TIC's) model in Southern CA. 

However, DSCR Loans are also strictly for business purpose only, so don't work for house hacking (can't live in any of the units) and if refinancing into DSCR, would have to have moved out and well documented a new residence if you go that routeAs an out-of-state investor from California, should I work with lenders in California, lenders in the Midwest where I’m investing, or does it not matter as long as they can lend?

Some states like california you can do trust deeds where you break off the loan into multiple pieces.All of these will require significant capital to scale with your own funds. 

I rented out my Indianapolis suburban home in 2019 when I moved back to California.