Properties that don’t produce an ROI that’s consistent, or are non income producing, can vary significantly.  

If your prediction is correct, a 12 month wait may produce much fruit. 

We focus on nature areas that draw tourists in, so we haven't seen any major changes from STR to LTR.

If you know that it was personal but deduct it as business - it IS... pick your favorite word:- cheating- stealing- theft- fraudJust because it's unlikely to get caught does not change its nature. 

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

I have heard a lot of investors investing out of state like Ohio, Memphis, Texas, Seattle, etc, but rarely they say they have apartments and anything similar in nature, in California.

Not sure if this applies to you but if you are planning on building lots of units it could be a natural fit. 

Smoking is considered cigarettes, cigars, pipes, hookahs, water pipes, vapes, e-cigarettes, and any other like instrument that produces smoke or vapor, regardless of whether tobacco or other consumables are used.

A $1M ARV would have to produce a minimum $100k to $120k.

This is so abusive and extortionist in nature, and so disconnected from any sense of reality I'd really have to question the general intelligence of the persons presenting such.