Hi All,I live in an area in Southern CA where flipping just isn't a realistic option for me (median home price is 700k).

I have decent 9 to 5 job but I live in Los Angeles so money runs out quickly. 

My partner the other beneficiary plans to manage the building as well as live and work there.

Hello, I live in a small town in southern Alabama (Greenville) and I have been looking for a while for a real estate investment opportunity, in which I was going to fund the flip by taking a loan out on my 401k, I finally found the perfect house, it's value is 78000.00 the sellers are asking 29000 with a little work it could sell for over a 100k which I can do all the work myself, I have flipped one other property in Houston and did all the work and made 40k.

I live in California, as well, and invest in Pennsylvania. 

I live here in Tallahassee and am working on getting into the market here, as well.

This is impossible where I live in nyc, so I'm wondering where is a better place to do this with $50-75k in cash.Fyi, I already have experience with out of state buy and hold (including out of state rehabs on these houses).

For starters, I would like to be able to live off of the income from rental properties 2-3 years after making my first deal. 

However I don't know what the best way to get started would be, wait until  I have 20 % or buy my first home and only put 3.5% down and flip it while living there.

I have lived here my whole life and know the area very well.