@Johnathon Thompson you need to build a trustworthy local team, which is NOT as easy you everyone thinks.As soon as many PMC's, agents, contractors, etc. hear an owner is OOS, they take the path of least resistance (at best) or look to scam the owner.So, an owner must ask a LOT of questions and do their due diligence and even if they find someone, apply "trust, but verify":)

I've heard good things about Oklahoma, but it is very far from CA and I personally wouldn't bet on very speculative developments across the country.

Or, should I purchase multiple units in other areas around the country and convert them to MTRs/STRs for maximum cash flow?

Tourism is very big industry in my country , we have a few of the big brands like Hilton, Banyan tree , Four seasons etc..you can find some additiona linfo herefour seasonsyou can see their details in the link below, the price of the villas a re pretty high. http://www.petiteansedevelopments.com/res_detail.phpi have a few properties posted on this pagehttp://agent.4321.co.il/agent59913.aspxand a website i am working onhttp://rlarchitecturepropertyseychelles.weebly.com/

Positioning ourselves for debt reduction and also investments in other asset classes (Country Subdivisions and Teak Plantation). 

There is no comparison in the quality of life. small town, country living will ALWAYS beat the city life.

I am looking at a mixed use building in the 6 to 12 unit range in an expensive area of the country.

While the current fiscal trajectory of the country certainly has some issues, this is generally referred to in finance as the “risk-free” rate—and the main economic alternative to mortgage bonds.

Hi Thomas, That is a common path that many investors take by utilizing a credit line or second mortgage to access capital to support down payment / closing requirements for the new purchase. 

You say that this is your first step into real estate and you're choosing a path that is a 24/7 obligation.