After 2 years of saving, countless audio books, dozens of Bigger Pockets podcasts and others under my belt, I am ready to jump in with both feet!

I found BP on SoundCloud while I was looking for Millionaire Real Estate audio book in there.

A 1 bedroom or a studio will appreciate ~ 1%-1.5% annually. 

Supply and demand is way out of whack out there (not enough supply given the demand increase) where as it's the opposite in the urban core (too much new one/studio supply, more supply in general, higher pricing, more options for renters, etc..).

The audio book is only $4.99 on Amazon/Audible Seems like an amazing deal to me.

I have listened to the books/audio programs above as much as a dozen times in some cases.Now go get it!

House hacking with two roommates and self renovating the house, converting to 3/2, and converting Family Room and storage closet into Studio/1Bath.

In California, you cannot rent a studio apartment for that per month unless you go to a severely impoverished area.

You'll learn much more if you borrow some money, pick up a small condo/studio, fix it up and rent it then manage it.

I am sure there are a couple more areas but not for 166k.In LA or OC it might be even hard to find a studio condo for 166k.FHA is very demanding on your loan conditions with rentals since these will probably not be in the best condition.