But, I don’t think that should be a very high bar for you especially if you are already studying and researching this at 18 years old and you don’t plan to buy anything until 2-3 years from now at the earliest.

. - The people that are monetized on actually closing deals are all saying this thing is highly implausible. 

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Its proximity to campus, turnkey condition, and rental history make it particularly appealing to investors seeking high cash flow and low vacancy risks.

Without the high leverage you reduce the top source of return in CA RE which is achieve via the appreciation on a high leverage property.  

Option 2 is high risk, as financing may be tough on your situation.

Rents are high and demand is high. 

When we present a Subto for investors to buy, it has to have enough meat on the bone, all said and done, that the investor will still have equity and the property will cash flow.For instance, I have one I'm working right now, that has a high entry, because the seller wants some cash out to himself, but even with that, the buyer will wind up with $50,000 in equity.

I usually do not work with New Western; I have found the PP is too high and the ARV's are always inflated.

You want lower land cost with high rental demand unless you're a reno expert and flipper which not 1% of real investors are.