But that's a fair starting point. 

As you pursue your goal of mastering the BRRRR method and building a passive income stream, consider exploring multiple markets and being open to how your assets might look.

The financing obstacles have to be priced into the pro-forma   but I generally find the pricing concessions I can achieve on these acquisitions due to lack of market interest far outweighs the financing obstacles. 

LA didn't have as much of an upswing in home values over the last ten years compared to the other areas but I also don't want to buy at the top of the market (which is San Diego right now, although may be doubtful it decreases - some places up 110%).

You might also be a good candidate for a small boutique hotel, an operator looking to retire will often entertain seller financing on fair terms and you could likely qualify for a SBA loan to help with your vision. 

People have found amazing deals in the worst of markets.  

Or if you have questions that aren't market specific I would be happy to help with that as well. 

If you just want to market to Section 8 applicants, like Steve said above, most county Housing Authorities allow you to place a free ad with them which would obviously only be checked by those with Section 8.

There are markets in CA that can work and will require a different strategy than markets outside of CA like Reno, Nevada or the Midwest. 

If you spent $1,000 on marketing, you do not get to choose whether or not to deduct it.