Basically, the further you get away from the city the more potential for cashflow, but you're also dealing with a different tenant base that may be tougher to manage.

Being a remote location might already limit client base.

planning to list them for 2024 taxes as 6 different properties and when rehab will be done , I will get all 6 deeds, can I sell individual condo and 1031 based on basis I will show?

Looks like you’re in Hong Kong based on your tag line.  

I do not do a lot of volume, so it would take me a long time to get a good data set just based on those numbers. 

Gita,At least the way I prefer to do things is to only run accrual based accounting activity on my day to day operations.

Here’s what the list said: Stay at Corporate Job: Consistent paycheckHealthcare$100,000 base payLess pressureQuit Job, Real Estate Full Time: FulfillmentUnlimited earning potentialMake my own scheduleBe my own bossWork from anywhereFocus on building family empireWhen I stepped back and looked at what I was leaving behind, it was crystal clear, I needed to leave my comfort zone.

In addition due to prop 13, the tax base is a fraction of if it sold today.   

So, for OU (open use) they have gone back and forth whether they would or would not allow based on lot size or otherwise a STR in that zoning.  

Based on a quick answer from Perplexity it seems like there would be no issue with you buying the home and collecting passive income, but you may not be allowed to manage it yourself since that is considered active work.