I STRONGLY recommend joining the local meetup groups and connecting with a qualified agent who knows where to look.

As I have a full time job I'm looking to become a silent partner in a larger investment.

All real economic booms I actually felt, came from a strong emergence of small business with the funding from their local small banks.

Aaron Amuchastegui, Manager, Homerock, LLC See the answers to these questions and more in the Speaker E-book here.The following speakers have contributed to our E-book: Aaron Amuchastegui, Manager, Homerock, LLCKevin Baldridge, President, Tricon American HomesBruce Bartlett, Managing Partner, Sequoia Real Estate PartnersMark Bloom, Principal, NetWorth RealtyGreg Coleman, Co-Founder & Managing Partner, Revest Asset Management Steve Daniele, CEO, Shannon Staley And SonsKathy Fettke, Co-CEO, Real Wealth NetworkRandy Hagedorn, Senior Vice President, Tricon American HomesLee Kearney, Owner, Southeast Property Investments NetworkIsaac Kyle, CEO, GOAL Property, LLCSandor Lau, Chief Inspiration Officer, Noted Financial Ryan McGarry, Managing Partner, COO, VineBrook HomesWade McGuinn,CEO, McGuinn Hybrid HomesMarcos Morales, Executive Director, Hogar Hispano, Inc.William Powers, President, RTO Property Michael Saccento, Director, Figure Doug Smith, Portfolio Manager & COO, Castle Rock Capital ManagementKelly Stumphauzer, Owner, Prosper ClevelandThey will be joined by over 170 esteemed industry speakers who will be discussing the key issues and opportunities in the single family rental investment market.

I suspect that in San Diego there is a very strong correlation of rent rates to quality of area (B class, c class, etc.) and less so on the quality of the units. 

Partner with another investor.

For an investor with a strong W2 income who can repeatedly take advantage of low money down low interest rate conventional loans, house hacking (and then keeping them as rentals) makes a lot of sense.

Do a couple of deals with normal timing, pay the lender back, then share the bank owned scenario with them, they might want to partner with you.And in the 17 years of doing business, I have never had a private lender ask for a credit report, an appraisal or an inspection, they did, however, want to see before and after photos and profit and loss sheets of deals I have done (a few of them anyway) Once you build up a reputation of doing deals and using private money, you can get funding fairly easily for regular closings and build a track record with those lenders and they might fund instantly at the courthouse steps

Without an LLC, you guys are effectively forming a partnership where everyone is a general partner.

2+ year history of very strong vacation rental bookings.