We diversify, but because we are active investors, limit our diversification to assets we believe we have a competitive advantage and are able to obtain our targeted “premium” return.  

I would lean toward Roseville or Elk Grove, while you will possibly pay a premium investing there, your upside long term is going to be better.

I actually got introduced to BiggerPockets because I recently searched for REI audiobooks on Spotify that were free with my premium subscription and listen to How to Invest in Real Estate by Joshua Dorkin and Brandon Turner.

I can buy landlord insurance without coverage on roof (wind/named storm peril) but is it worth the premium?

The window of opportunity to own and operate a successful, particularly luxury vacation rental in premium areas is open but closing.

I currently pay a premium price for my turnovers for a local cleaning company that specializes in STRs.

I agree with Michael and JohnYou may get a small premium above appraised value for furniture and future bookings but that is about it unfortunately. 

So much so that insurance actuaries agree they cannot charge a premium high enough to meet with the risk of those "vicious breeds."

Self Storage is running at a premium now. 

For example, an ADU is nice for a rental, but not every home buyer wants to pay a premium for an ADU on their property.This would be case by case and property dependent.