There is competition, but plenty of assets are sold daily.

I had to remind the property manager a couple of times to send contracts, through the liaison.Also would be good if they remembered that although they are steeped in this daily, the customer may not be.

Just food for thought.

As a real estate agent and an investor, I am on the market daily and explore opportunities for myself and my clients.

As you do that, you should analyze deals with your agent/deal finder daily and run the numbers.Being a new investor can be intimidating but every great investor felt that way when starting out.

problem with non-CA is that their food selection is not good and not many high pay job offering compare to CA, the latest part is actually what drives CA home price price to the sky.

RentingFamilyMember is not interetsed in making money, just not paying the food, utilities, etc. of the SiblingRenter.(2) RentingFamilyMember's AGI is too high and Schedule E passive losses are limited.

yeah, daily.

Hmmm, guess you didn't notice that @Michael Plaks is an "Enrolled Agent".There are hot dog vendors, there are fast food cooks, there are sit down resaurant cooks and there are fine dining chefs. 

Before you make this purchase, research daily rates and occupancy carefully on nearby similar condos (on Airbnb, Vrbo, etc.).