I see many warning signals that if CA doesn't get it's act together, act as if it has to compete, very strong chances it will suffer the historical consequences of that and CA the titan will become history not current state of things. 

I don't go to any of these events personally its seems like its a circuit and you have basically all the same players on stage as experts I don't know how much anyone can get out of these events ( i have spoke at many in years past so i know you can only gloss over stuff).

The same players involved with some additions along the way.

Bobhttps://www.biggerpockets.com/forums/70/topics/371926-notes-funds-for-individual-investors-what-are-the-best-players

Perhaps they are scared of other bad players stealing their info?

A 4 bedroom would have you competing with larger condos or townhouses with pools, a much lower rate of return. 

We don't compete, and lower priced neighborhoods still need that service.Everyone starts out with the idea that they are going to work to the highest moral standards, but when you are in the thick of it and you just don't have the cash to close and maybe 10k earnest money on the line, you may start to tell yourself it is legitimate to cancel the deal, after all you have that clause in the contract.

That being said, the only way to get a competent answer on this is through a consultation with an attorney that looks at YOUR particular situation, not a generic, theoretic one. 

It'll give you so much clout.When you are seen as a player and someone who closes on deals, that's when the calls come.

https://www.biggerpockets.com/airbnb-calculatorI would not go cheap on the furniture and really pay attention to the design and amenities you can have that compete with the top places near by.