My main hurdle right now is securing financing as I am OOS and do not know my options for who can offer a new construction loan.

The way this area has been appreciating and is expected to continue is the main reason I'm so interested.

I’m looking into alternative methods to house having and MFH run for $700k+ out here.At the moment, I live in a detached garage converted into a 600sf 1bd/1bth.Since the 700k price point for a duplex with max 3bd/2bth unit to rent it out of question for me, I was thinking of the possibility of picking up a smaller house with the possibility of converting a garage or building a separate addition that my wife and I would then be able to live in while renting the main house.I know CA is becoming very favorable towards ADU’s now a days and was wondering on if this could qualify as a primary residence for myself as well as me be able to use potential rental income for me to be able to qualify for a loan.Still new to BP and REI, I couldn’t find a google answer on this, so any help would be appreciated.Thanks!

My two main takeaways: 1) if you play with fire you will get burned, and 2) debt is your best friend and your worst enemy. 

Properties in the lower cost areas may look better on paper but once you factor in vacancy, true turn over costs, and cap ex, things don't look as good.I have been in a few nice multi-family properties in oildale but most are pretty rough and have major issues with deferred maintenance. 

So the main idea is to work on one "One Thing" at a time.

I mainly flip but I will be in Cle Ot 6-13 if you want to link up.

The stretch of Main St (518) between Hwy 3 and 270.

We were taking advantage of their >500 square foot house additional allowance by adding a master suite to the main unit.

I still have a lot to learn but have polished off most of the BP real estate podcasts and have self educated my self a lot on wholesaling (mainly from American perspectives, not sure of a lot of the differences between our laws yet in regards to wholesaling).