@Kyle Soderman I couldn't agree more with the measured responses that advised standard screening of this tenant's financials and proceeding as you would with another tenant. 

In this case with Alchemix your claim about volatility is measured against USD but the collateral added to Alchemix is a USD peg which means by definition zero volatility exists because it equals the index currency.

Going further out of LA and OC, the numbers looked way better but it occurred to me that I would just have too many properties (one day) and that just multiplies the time and stress so I'm aiming to stay closer to home even though it will take longer and cost more. 

I will only be in the new state for 3 -4  periods of between 4-6 weeks year 1 (Orr the max I can be without loosing my FL residency) with the aim of just using my spare time to meet agents, contractors, HVAC people etc etc so that I have boots on the ground and start with a property or two but with a low enough price point of entry that I can do that.

Aim for that if you're new to investing.  

If you want something cheaper you can do it using the Paul Walker book that costs about $100 a year as long as you have an understanding of what the scope is, having the measurements you need, and have a calculator to multiply it all. 

@Donggie Hong Volatility, measured by the ratio termed "Beta" is extremely higher in the equities markets compared to multifamily investing. 

I can 100% say i am using the "fire, ready, aim" strategy lol.

It’s definitely tough right now I still think you should aim for 10%.

As a first time home buyer, I would say you should aim to learn more before diving too deep!