Initially, I thought it was impossible, but digging through forum posts where people recommended banks that would do it, I found one.

It seems mathematically impossible to cash flow with a loan if the cap rate is below 7%.

Be aware though that usually at the end of the draw period, usually about 10 years, they ask for the full balance at that time.Having said that, while rates are low it could be a good vehicle to start your investing.

Given the fact that you don't have a record of renting the property and don't have a long history with a bank as a landlord, getting a re-fi based solely on rents will be nearly impossible.

While it isn't worth it, but I kept mine as another alternative investment vehicle. 

That being said the notorious 1% rule can be a little more elusive to find but not impossible...yet. 

I’ve read in multiple forums and other books that it is extremely hard if not impossible to finance a fixed rate, 30 year conventional loan.

Also as a high income earner, you are likely going to be able to get into crowdfunding and many other alternative investment vehicles. 

Yeah, it's unfortunate with California, but it's next to impossible right now.

If there's no income, you'll have an impossible task attracting equity and debt.