That’s not a political or even moral arguement just basic math, in theory if zoning allows it and we get more skilled immgration at least economic theory suggest they should be able to build more houses per person that they consume.

I don't have any vacation rental experience aside from the consumer side.

I've been able to get a healthy combination of both cashflow and appreciation from all my properties after a little TLC.

From my perspective, working with a company that will do all the registering and serve as registered agent isn't very time consuming.

In @Rick Albert numbers starting with a negative $110 equity position consumes years of cash flow.  

This may be time consuming, but it's most certainly a lower risk way to get your beak wet than syndication or flip funding or some other arrangement where you'll have to place your trust in others, plus I would assume that syndication/flip-funding deals in your area of CA would also have higher capital requirements than other US locations anyhow. 

We are seeing signs of higher demand even though rates remain high, months of inventory decreasing, multiple offers becoming very common again, and consumer confidence increasing.We are expecting these trends to continue as the news headlines continue to shift and report much more positive market conditions.

You need to be putting away quite a healthy percentage for the later years.

Without the ability to do work yourself, have labor at cost (if you are a contractor - for example), or have market appreciation help you in the renovation period, a full BRRRR or healthy margin flip for a new investor is really difficult.Thanks for sharing.

I've been able to get a healthy combination of both cashflow and appreciation from all my properties after a little TLC.