These supply issues mean that homes in coastal states and other expensive areas are going to appreciate quickly, though as you’ve found, they’ll also be chronically cash flow negative.Also, as Patrick said, I think looking into states like Alabama might be your best bet, especially if you’re trying to invest in new construction homes (which are generally pricier than older housing stock) at 80% LTV.Plus, the state roughly meets your criteria: it’s a landlord-friendly place, property taxes average under 0.40%, and there’s not a lot of snow in Alabama—Birmingham, for example, gets just an inch or two of it per year.

Also, OC is pretty expensive and I was wondering if I could invest out of state, like in Arizona for example.

The idea is to purchase SFRs through LLCs (1 SFR to 1 LLC) and then assign ownership rights of the LLC to NFTs (for example, 1 LLC has 1,000 NFTs).

For example, the same house that is one or two blocks over on a quiet street should be more expensive. 

Specifically, do you stipulate rent is due on the typical 1st of the month?

If you aren't experienced at it, it'll typically cost you even more to build your first project, because you don't know what you don't know.  

That's why we also choose high-end finishes to get great tenants and top rents - here is a walk-through video on some of the things we typically do. 

For example like clogged toilets or sinks so they don’t overflow and cause water damage.

Typically when it comes to housing you'll want to stick to 3-story garden style without elevators and 18-24 units per building.

Due to this, it would be worth exploring what your return on investment would be to add 2 ADU's to your home OR simply buy another property as a rental, for example a duplex.