Very tough these days. 

@Aj Antony - That's awesome, nursing is a tough profession. 

I heard for the first year or two income is scarce and it takes time to get the flow of money and that’s where a lot of people give up.2) Finding new deals in this highly competitive market in California seems tough, especially for high prices, how to catch good prices like the old times when prices were cheaper and fewer investors were around?

If not and you have other friends/co-workers that are interested you could start your own like I did here locally.Also check out the How to Analyze a Property video.  

Unless this property has a lot size below 1,500 sq. ft. and has significant deferred maintenance, I don't think you'll have a tough time finding comps to justify an appraised value of $700K.Also, the closing costs should be ~5% of the loan amount, not purchase price.

@Christopher SmithIf cash flow is your number 1 priority, that might be tough.

I recently started mailing yellow letters to home owners in my area.I feel like am getting a decent response rate, but getting a deal has been tough.

Hey Jaren,It will be tough to get hard money due to your age, and more importantly inexperience.

But how you would bring value to this deal is pretty tough to Imagine.. not to mention any kind of land development in Hawaii is some of the toughest in the US to accomplish many times taking 5 to 10 years just to get through land use  etc..

It's going to be tough to do that price anymore.