Tenant agrees to comply with all duties required by Wyoming Statute §1-21-1204: maintain the Premises in clean and safe condition and not unreasonably burden any common area; dispose of all garbage and other waste; maintain all plumbing fixtures in a condition as sanitary as the fixtures permit; use all electrical, plumbing, sanitary, heating, and other facilities and appliances in a reasonable manner; prevent water pipes from freezing by turning off outside spigots, disconnecting hoses, and keeping the rental heated to at least 50 degrees; replace lightbulbs, air filters, water filters, and other consumables as needed; test smoke detectors every six months and replace batteries as needed; immediately notify Agent in writing of any defects or dangerous conditions Tenant becomes aware of; replace broken or cracked glass, no matter the circumstance of breakage, unless the Tenant provides Agent with a police report detailing breakage beyond the control of Tenant; pay to repair anything damaged by the Tenant, his guests or invitees, whether through intentional act or negligence; upon termination, remove all personal property and garbage either owned or placed on the Premises by Tenant and clean the Premises to the condition at the beginning of the AgreementCreate a policy and stick to it.

They are educating the consumer that there are dozens of investors that want to buy my house for cash, so they now have choices, and wholesalers are often overpaying.I would concentrate on gap cities/counties in between larger metros.

This year will also test the U.S. consumer's ability to continue spending.

If you are it’s very time consuming.

That’s not a political or even moral arguement just basic math, in theory if zoning allows it and we get more skilled immgration at least economic theory suggest they should be able to build more houses per person that they consume.

I don't have any vacation rental experience aside from the consumer side.

In @Rick Albert numbers starting with a negative $110 equity position consumes years of cash flow.  

From my perspective, working with a company that will do all the registering and serve as registered agent isn't very time consuming.

We are seeing signs of higher demand even though rates remain high, months of inventory decreasing, multiple offers becoming very common again, and consumer confidence increasing.We are expecting these trends to continue as the news headlines continue to shift and report much more positive market conditions.

This may be time consuming, but it's most certainly a lower risk way to get your beak wet than syndication or flip funding or some other arrangement where you'll have to place your trust in others, plus I would assume that syndication/flip-funding deals in your area of CA would also have higher capital requirements than other US locations anyhow.