I would say the quality of life here is high and so are the rents.

Here's a https://www.irs.gov/businesses/cost-segregation-audit-technique-guide-chapter-4-principal-elements-of-a-quality-cost-segregation-study-and-report to the IRS website noting specific items that are included in the cost segregation study report.

We don't drain after every guest (average stay is 2 nights) but we usually do at least once a week or if it shows any signs of bad quality water.

Quote from @Andrew Steffens: At 65 doors it is quality control and managing guest expectations.Yesterday someone threw a fit we do not provide snacks as they checked in at 4am and were hungry... 

Once a tenant decides they like your property, it can take a little longer than a traditional rental because Section 8 requires a property inspection to ensure it meets their housing quality standards.

I know the quality of the home and neighborhood won't be the same in California, but because I'm targeting buy and hold, I just need a property with okay or decent rental yields.

With that said, the J&G team is absolutely committed to over-delivering and it is a great option for a well-rounded and high-quality educational platform bolstered by a world-class community.

And the quality of their services.. not all closers are created equal

_____________________________________________________________________Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Make sure you know how the quality is of your contractor and how long it's going to take.