Looking into Renatal Arbitrage (Maybe Long Distance)

[Hratch Avedissian]

Good morning BP, I'm trying to get into real estate by purchasing a primary residence in CA. As you know, CA is a fairly expensive market and even a 3.5-5% down payment can be a large sum of money. As I save money from my W-2 job, I keep stumbling upon content about short term rentals and rental arbitrage. If feasible, I think this would be a good step to get my feet wet in the real estate world, as well as accelerate my saving rate to purchase my first property. If you can answer any of these questions, I'd truly appreciate it:

-As California's AirBnB market gets more regulated, is it worth trying to penetrate into this market?

-Are there states that are significantly more lenient with their regulation?

-Is rental arbitrage manageable from a distance?

-Are there any potential markets you recommend I do more research on?

-I have not found a reputable source to learn more besides random "influencers" trying to sell me their courses. What is a good/reputable source (YouTube Channel, Podcast, Book) to learn more about the reality of rental arbitrage?

Thank you for taking the time to read my post. 

I look forward to reading your responses!

[Luke Carl]

This is the third time this has been asked this morning please search the forum before posting. The natives will get restless