You are trying to compare oranges and potatoes, this is not appropriate here.

Permittable bedroom count is going to dictate your max occupancy load per the myriad of local regulations.

so I have to figure out ways to begin investing with OPM (other people's money), which I've been trying to learn a lot about.I guess a concrete goal would be appropriate.  

Crime is on the rise, property protections for landlords is nearly non-existent, and development is leaving the area for more favorable regulations. 

While basis adjustment may seem rather self-evident, appropriately navigating the particular tax nuances often requires a seasoned practitioner.

We used to do STR arbitrage, which can work great in SoCal, but regulations are the main barrier to that. 

Entities that are not "disregarded" need their own QBO to ensure their balance sheets remain 100% accurate.We do run into an issue every now and then with some transactions that don't allow us to designate the customer/property but we've found ways to get around this and still have the transaction reflect the appropriate customer/property.This allows us to pull all the financial reports our Clients and their tax pros need to see.I'm in no way saying our way is the end-all-be-all but it works for us and our Clients' tax filers/advisors.There's a FB group called, "Bookkeepers for Real Estate Investors".

Florence - Limited current regulation within city limits. 1 hour to Eugene & Airport.

First correction: Using the word "Should follow" is not appropriated, the word "May follow if  they want" is more appropriated and convenient. 

Don't forget to familiarize yourself with local laws and regulations; hiring a local attorney can help navigate the legal aspects.