Reach out to a LOCAL property manager that knows the rental market BEFORE you go under contract! 

I'm a local realtor and investor, so I’d love to help you find the right property and navigate the market.

Maybe network with local hunting ranches see if you could find an investor to help manage the property, the wildlife, advertising and lodging. 

Question about the new CA laws ...

My thought is to help him out by going in 50-50 partnership for many reasons: half down payment, half capex expense, strong co-signer on loan, me being local to investment property to take care of little things that need attentions (he will be out of state for his job/I will have PM), etc.  1. 

Networking with local wholesalers and real estate agents who specialize in investment properties can also lead to off-market opportunities.

Since hard money eats into profits, consider private lenders, local banks, or partnerships for lower-cost funding.

@Robert Kline, I would start by talking with your local building department. 

You are going to pay more for something new so you might take a look on the local Craigslist, FB marketplace or OfferUP and see what is out there.

PM me if you need any help.Anti-eviction act law https://www.nj.gov/dca/codes/publications/pdf_lti/grnds_for_...