But at the local commercial level, you’ll have a more in depth underwriting review process  

Apparently the water level in the bowls alone are too low.... and so the poo sticks to the porcelain instead of hitting water, and doesn’t flush away.

Zip codes are often too big and you'll be dealing with nuance at that level.

The answer to this will come down to comfort level, funds available, and strategy you are looking to implement. 

@Scott Stampsi don't know anything about it but i am just curious:what your experience level iswhat you're hoping to accomplish

The entry level point for STR's has risen to the $4-500k range with many now pushing $750-850-$1M+ and I would expect that to continue to increase.

There are places that are tenant friendly and then there is California which is at another level completely.Have you thought about buying elsewhere? 

I hate to say this, but if you want to get a job with Yardi as the main software, you will need to start at the entry-level accounting.

There is no such absolute rule or mandate for REI - it is up to you on your comfort level with your cash flow versus total investment versus appreciation potential.If I followed that rule, I would have missed out on a LOT of great opportunities over the years.We bought a house in Jones Valley in 2017 with negative cash flow - why? 

For example, you might agree to a 70/30 or 60/40 split, depending on his level of involvement.