You need to start by determining what your annual gross income potential is. 

Maybe steady cash flow is less important to you than the potential for appreciation.

Lots more to this, but this is a potential structure.

Potentially my first deal!

Consequently, our company began attracting a greater number of potential customers.When it comes to market selection, making wise choices is crucial.

And it will be harder to evict tenants if you have strict tenant laws which would potentially allow more damage to happen.

Does anyone have suggestions on where I can find potential properties that would allow a successful BRRRR? 

Many investors are scared to get into them as college kids can potentially be harmful to a property.

Hi Ayyoub Research is the key, Conduct thorough market research to understand why the competing property is listed at a lower rent, Consider any improvements or upgrades that could enhance the appeal of your property to potential tenants, If you're unable to match the lower rental rate of the competing property, consider other incentives to attract tenants, such as offering a shorter lease term, including utilities in the rent, or providing additional amenities.Hope it helps.

While California may present some challenges for investors due to high property prices and competition, there are still potential opportunities, as well as options in other states.