I would think in deed states, normally takes way more money to play up front.All this is pretty much just a guess. 

Oh and we play cash flow the game once or twice a month. 

Backup plan was to retain as rental while paying down note and long play on appreciation, hedging against inflation.

More over due to fact it's just appreciation/equity play's, adding an amplification to that risk, and now with threats to active income, yet another amplification to risk factor. 

You might also have to look into licensing in order to manage someone else's property and see if that comes in to play and how much that might cost.The next question, once you realize what your potential cash flow from this will be, is if the time you spend on it, worth the extra cash you will get.  

If you find a property that fits your needs and the market is favorable, waiting for a potential rate drop might not be worth the risk.Personal Financial Situation: Your current financial health and readiness to purchase play a crucial role.

More and more people were speaking up about projects exceeding deadlines, ignored withdrawal requests or delays blamed on COVID, family problems, city slowness, ...Instead of taking responsibility, Sief decided to play the victim card and blame everything on Brian, who most of us never met.

Sounds like some of the folks on here are under playing the true status of the SWFL market...

Firstly, it's important to point out that Pismo Beach, like many other California towns, has imposed stricter regulations on STRs in recent times.The city has drawn a distinction between three types of authorized 'Less Than 30-Day Rentals,' specifically a "Short Term Rental," a "Vacation Rental," and a "Homestay Rental."

You'll have to pay rent regardless, so you need to consider that you would already have that expense, along with the fact that you'll get the benefits of principal paydown and asset appreciation (especially by leveraging).Acquire the asset and perhaps focus on something you can add value to, then you'll have a 100-200K equity chunk to play with in a few years when the market accelerates again.