These lenders are often more adaptable than larger institutions.2.

It certainly shows how a stream of income is MUCH more valuable than a pile of money.  

If there are items you need to replace and they are less than $2,500, you can take advantage of the de minimis safe harbor election, which allows you to deduct those costs in the current year rather than capitalizing them.

I am usually an early riser, and would more than likely go to gym in the AM. 

It's going to take longer and be more difficult than you expect.The beginning of my journey was establishing a good income, living below my means, and a live in flip.

I live in the SF Bay Area and have decided to buy my first single-family home.I fully acknowledge and recognize that the SF Bay Area and California (in general) may have some of the worst cash flow numbers in the entire country.I've already traveled to cheaper Midwestern states to look at real estate opportunities, but have decided to invest here in the SF Bay Area as I'm purchasing with the intention of living in it first and foremost, and then renting it out sometime in the near future when I move overseas.I'm looking for anywhere in the Greater Bay Area/Northern California region (even Sacramento & Central Valley is okay) with better than average purchase price to rent ratio, and some appreciation (if possible). 

@Piper WatsonPay down the credit cards as the chances of earning a return that is at a greater interest than the credit cards is very rare and risky.

Credit and Loan Requirements: Traditional lenders usually require strong credit, significant down payments (20-25%), and a proven track record, which can make it harder for newer investors to secure funding.Could Private Lenders Be the Solution?

The rate market may now create a better safety-net scenario than before as well...

Yes they are more than others, but they have the most comprehensive coverage for STRs.