How likely is it to find a duplex under 400K in the LA area that you could get an FHA/203K loan on that would generate enough ROI to get me started as an investor? I'm guessing serious rehab may be involved, yet I'm n...

While conducting research on various topics related to becoming a landlord, I stumbled upon BP and I must say it's been a dream come true.  

@John Underwood your house sounds like a dream place for guests.

However, my dream is to still be a full time investor and purchase rental properties to ultimately overtake my income and provide wealth and cash flow into the future.My question is how do I balance not having a "steady" income and saving money to invest?  

Going to publish in about a month :)What can I say - guy gets bored sitting by the pool all day...lolIf only there were some sort of book or something that could explain to the newbies how to house hack in an expensive market ... oh well, such wishes are probably a pipe dream :)House hacking is a great way for us old salty REI dogs to kill the time and stave off boredom while waiting for the multi-family market to come back to reality.

We have 2 young adults and while they don't have official student loans because they borrowed from family who offered to loan to them at 0% interest, regardless they're paying rather large monthly payments, at their choice.... but my question is more about house hacking & the financial side of that, for them, as they are looking at purchasing their first property together (brother & sister - not sure how that'll go down with banks for young first time buyers who do have steady jobs been working since they were 15yrs of age, excellent credit built up, both credit scores almost 800, but still, They Are Young ) and as they are planning and dreaming and talking of all this ..... 

By the time I get out of work I am EXHAUSTED and have no energy to pursue these other dreams.

Last year I caught myself at around 60k and all of this is from traveling, buying things I had no business buying, a car that I sold off (after realizing my mistake),  and a list of other mistakes that are haunting my dreams.

My dream would be to become financial independent in less than a decade, so I am currently saving and investing as much as I can.

This is my dream.