Looking at anywhere from 20-27% management fees + some other costs, so if you're doing it all yourself and offer the renters an attractive and affordable space, then you're going to see plenty of ADR and cash flow.

Plenty of research and studying but I really need to take action now!

I may not have spent any money but I’ve spent plenty of my time getting everything done.It’s definitely possible if you take a page out of Brandon Turner’s book and start asking “how can I” instead of accepting “I can’t.”Good luck and wish you a ton of success!

There are plenty in the Atlanta area and you can find them here at biggerpockets.com/events or meetup.com.

If it cash flows, and you decide to self manage to make it cash flow more, that's great, but if it doesn't cash flow without you it's probably not a deal.Option 3: Same opinion as option 2.Option 4: I like this one, but refer to option 1 about doing plenty of research and not putting all eggs in 1 basket.Option 5: (You missed this one so I figured I'd throw it in for good measure) Real estate notes, probably not in the Bay Area (though possibly if you got lucky)  You can pick a market not so inflated that still looks solid for appreciation and population growth and fund a fix and flip buy or possibly a builder (both shorter term hopefully) or a fix and flip to owner finance guy like me for a longer term safer returns. 

A cash out refinance might give you plenty of money in the future without paying the interest on a HELOC. 

There are plenty of houses out there right now that can potentially work for you.

@Ralph Justiz There's plenty of loans available to you. 

I sent you an invite on Linkedin too.

If the existing tenants are indeed "good", and that could mean plenty of things like paying on time or they are just pleasant people, then I'd keep them with periodic rent increases upon lease renewal.Increasing the rent drastically can get you in to trouble and affect your relationship with the existing tenant base.