Taylor,Congratulations on finding this resource and diving in.

They also have deep cash reserves. 

I have not fully dived into the education on buying notes yet, I have only kind of casually looked into it.  

It needs to be obtained at a deep discount to be profitable for a rehabber.In that neighborhood, the end buyer of that property will most likely be a landlord.Good luck.

Now, with that, back to your question, what you will hear claimed in real estate circles is "I just bought a house at a deep discount and made $50,000!"

I have been looking at several properties up there as well, but hesitate to dive in because it's an hour away from me.  

I will definitely be diving into that section thank you @Mark Nolan! 

In the coming months I will be starting classes for my RE license and then from there will start diving into flipping.

I have tried to get as much information as possible to understand at what point the market is in but i'm getting everything from "Danger- SF bay area is on the brink of the next tech bubble crash" to "Safe- because of the amount of capitol available in the bay area the market is really only overvalued by 10% as opposed to a real bubble market which is overvalued much higher"I see that the multi-families available are definitely retail post flip prices, especially in the areas I would consider living in with a baby and many of those have rent controlled tenants.I'm trying to think creatively about moving forward weighing our $30,000 annual rent bill against potentially having a $600,000-$800,000 mortgage in a single 4 plex where it seems to make sense financial now but I'm concerned about market crash or unforeseen event.I guess my question is what would you do, invest elsewhere and stay put with high rent or dive into a bay area house hack?

And because of this, I haven't really dive my feet into real estate first deal for I always  feel that I am not ready.