Bank balances don’t seem to matter in today’s environment.

For one, think back to the most elementary concept in investing - return is a measure of risk.With MJ becoming legal, it would be reasonable to assume that the return investors demand will drop with the decreased level of risk associated with the business.Second, it is my understanding that it’s currently much easier to attain a license to grow/wholesale than it is to retail (especially in a brick & mortar environment).In my opinion, that is likely to cause a systemic imbalance between the supply and true long-term demand.  

I would be leery of purchasing in the city of San Diego relying on short term rental because of the San Diego environment relating to STR.

This will keep you healthier and prolong the lifespan of the system.

I can be done and is being done even in this high price environment.

Amar with all due respect, I’m not sure if you quite understand how you are representing yourself as a professional RE agent in a professional environment.

Learn how to manage your money, get a second or third job, pick yourself up by your bootstraps and if you want the priviledge to own your own home the do it the right way.However, the government, banks, etc.. will need to deploy their money and If the present environment becomes too restrictive, they will need to start lending again.My little house in a community in San Diego, lower middle class 1040 sq ft.  

Since you are looking at investment properties and not personal, you are working in a more conventional environment.

You might have better luck with asking an experienced agent to mentor you or external learning environments such as meetups, classes and even YouTube.

It's kind of a neat environment, like a co-op apartment complex, depending on the other owners and their goals.