It really depends what your goals are.. do you solely want cashflow or do you want your investment to accumulate wealth through appreciation.

Cali is a tough market and a ballers market, depending on where in the state but there's plenty of zones in Cali where a real estate deal will cost way more than 75k, I also here the permitting process is a pure headache out there. 

To answer your question, it depends on the property and your plans.  

@Matan Paret  There are a few ways to appoach the start of your real estate investing journey and it is highly dependent on career path.

Avoid Anything to do with Growth Equity Group or SDIRA Wealth as if your life savings depends on it. 

@Matthew Wilson Depends on how much you could purchase land for.

@Chris HolmesIt does not matter if you have a property manager, it is not passiveReal estate investing truly depends on what you were looking to accomplish.

I've done the civil engineering on several subdivisions varying from 14-acre sites to 80-acres. 

Depending on the exact scope and the contract you had with them I would imagine you'd have a case here

Depending how much you earn you can step up those savings by getting a side-hustle in any part of real estate....working for a top Real Estate office on weeknights and weekends, working for an RE Investor, working for a General Contractor and learning a few skills, etc.