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.

I just found them a good deal short sale hasn't been lived in about 6 years behind $1,000 in Hoa fees3bed 2bath 1,400 sqft all high end appliances  Purchase price $155,000 needs about $2500 of minor repairs Tax $3,100 yrHoa $6,300yrRents for $2000monthComps are about $209,000What do you think ?

Hi JeffreyThanks for contact me, yes we have tried to get in on a few in Memphis, but so far I have not managed to find a good person on the ground who can help.We live in Michigan so I would love to work with you.Please PM me and I will send you my personal email.Cheers David

I caveat the "unless you have to" because I was also working on, and paying for, renovations in the house I lived in and didn't have the cash at the time to float two mortgages, install two kitchens, two bathrooms, etc.  2. 

He also does webinars every week where he will sometimes analyze deals for a live audience.