How to STR a property in CA

[Jacob Prelle]

I'm new to the idea of AirBnb (or VRBO/HomeAway etc..) for my real estate investments. I've come across the website Eliotandme.com and see there MAY be a potential to make more money on my investment as opposed to renting out.

If this website is accurate, I'd like to make my first investment property strictly an AirBnb property and in the event legislation changes or some other plan altering event occurs, I can revert back to my original plan and rent it out to tenants. I plan on living 1 hour away from the house. I live in CA. House will be around $400K. SFR. Close to the beach. Probably in the city of Oceanside.

My target city currently has no limitations to STR. Beyond, the Transient Tax, and potential changes to legislation annually, what are some hidden problems I may encounter? Any advice at all is greatly appreciated. Thank you!

(yes I plan on buying some books to study more before actually doing this)

(book recommendations?)