Additionally, the STR market is quite oversaturated right now as well

Over the past decade, I’ve built and managed purpose-driven homes in CA that serve communities while generating stable, long-term cash flow.In addition to running care homes, I also consult with aspiring care home owners across multiple states, including Texas, Arizona, and Michigan (Detroit area).

Additionally, FEMA updated the local flood maps here in July 2024 and much of the area now requires flood insurance. 

Quote from @Karen Smith: Quote from @Jay Hinrichs: well have been a PML HML since the late 80s. benefits are:1.

In addition due to prop 13, the tax base is a fraction of if it sold today.   

Additionally, Building a trustworthy local team will make the process much smoother.

The investor who bought this home owns an asset that is cash flow positive from day one and one that will benefit from all 5 profit centers of rental property investing for many years to come.

Can you share some additional numbers about the investment property you're looking to buy?

Not sure the cost of this for you but I feel with hot tub and fireplace you already have a lot of warming options and not get much additional revenue.

Close to a cool little town, close to an area attraction, etc....Also do a search here and see how to screen guests, in addition to what the hosting sites do.... like no last minute bookings, no short stays....