If investing remotely, consider hiring a property manager to handle tenant and maintenance issues.Good luck!

Why would companies set up new operations in a city with high operating costs?

I'm not sure if that is because they are considering it lots of little repairs so it doesn't fall within the guide line or what.  

Speak with lenders - and consider that although they might agree they could lend to you today - they might not be able to when you need the loan.Unless the existing debt has no due-on-sale provision, there will always be a risk of the underlying loan being called.If it were to be called due:1.

Conventional lenders typically require a 6-month seasoning period from purchase before they’ll consider the appraised value for a cash-out refinance.

One thing to consider since you are a California resident investing is the compliance requirements for LLCs incorporated in California or operating as a foreign entity here - the rules here are different than most states.  

These solutions can make a huge difference, and the long-term option will really help set your STR up for success.

Overall I would personally consider how I can still grow with the freedom that I have focusing on my real estate.

Since you already know the metrics in the fix & flip game, this might be an avenue for you to consider.

I am under contract for a property out in Columbus and they are one of the few property management companies I am considering going with!