It's a great market STRs as long as the numbers still make sense with those regulations in mind. 

It does seem to make some sense to keep living there with the help of a roommate paying the mortgage.

Quote from @Marshall Robins: Quote from @Patrick Roberts:Definitely makes sense - I haven't been on any Meta platforms for years but it might be time to dive back in.  

Unfortunately most lack the balance sheet to obtain favorable financing, can't afford to put any skin in the game and fail to make a compelling reason for why the investment makes sense or to justify the structure they are seeking.

Registering a Wyoming LLC as a foreign LLC in CA removes anonymity but retains stronger asset protection laws.

For that time frame it would not make sense to turn it into a STR as there won't be enough time to establish a history to attract good vacationers.

It saves you some time, that's all BUT time is pretty valuable stuff.For a newbie, that rule of thumb is even more important to help them make sense of things and allow them to focus more and not be overwhelmed.

You should target states that have more common sense and people oriented government and regulations (hint-hint: stay AWAY from Dem controlled jurisdictions.

It took a year of painful lessons (the first of which is that NOBODY will care about your business as much as you do (Evolve), and that - in my case at least- self managing makes more sense -even remotely- than allowing someone else who has different motivations to take the reigns. 

Wholesaling is a relationship based business and the deals have to make sense.