I do this all the time, as long as you or the property can cover it monthly you're good. 

TurnKey, Buy-and-holds, flips, or maybe long-term rentals?

Malibu allows it but requires a 15% "hotel tax" on the gross revenue.I would recommend looking out of state or underwrite the property as a long term rental in the event laws change.

Wholesaling is a great low cost way to make a lot of short-term cash, but it does not build long-term wealth.

That’s a great position to be in, but instead of focusing just on “how much to invest,” I’d recommend focusing on how to structure your investments to maximize returns while keeping reserves for future opportunities.If you’re looking for long-term success, I’d be happy to share insights on what’s working for out-of-state investors and help you avoid common pitfalls.

I was imagining responsible car-free tenants, as I was one myself for a long time. 

It doesn't take long to learn how to spot a good deal.6.

Down the road, you can also use the 1031 exchange to defer taxes as you go from property to property, as long as they are like for like.I hope that helps get the ideas flowing....

Technology has come a long way, however, having a someone you trust locally will give you peace of mind while leasing your properties.

Fast Turnaround: Unlike long-term rentals, you can cash out quickly and reinvest.