Quote from @Gino Barbaro: @Joel OwensThe only way deals were getting done in 21-22 were with short term bridge which is why we opted out, and did only smaller deals.

Assembly Bill 1771, also known as the California Housing Speculation Act, aims to change real estate tax policy to discourage investors from quickly reselling properties like single-family homes.Under the proposed bill, an additional 25% tax would be imposed on the gain from the sale of a qualified asset (including homes) within three years of the previous sale.The tax reduction is dependent on the number of years passed since the initial purchase of the qualified asset, ranging from a 20% reduction for sales occurring between 3.01 to 4 years to a 100% reduction for sales occurring more than seven years after the initial purchase.The revenues generated by this tax increase would be deposited into the Speculation Recapture Community Reinvestment Fund, which aims to support affordable housing, local governments, schools, and infrastructure projects.The bill is introduced by Assembly Member Ward, and the proposed tax changes would take effect from January 1, 2023.Assembly Member Ward argues that short-term investors in the market, including fix and flip investors, contribute to rising housing prices, limiting opportunities for Californians to purchase homes.While the bill may discourage short-term speculative transactions, it is worth noting that California's tax laws still provide certain advantages for investors, including unlimited tax write-offs and depreciation benefits.The bill is subject to legislative approval, and Assembly Member Ward will speak publicly about the bill at the San Diego County Administration Center on a specified date.Please note that this is a simplified summary of the bill and its potential impact on fix and flip investors.

Location is residential with a park a short drive or long walk away.

Just be careful that the condo building you are buying into allows for short-term rentals (or any rentals for that matter).

I do think new investors suffer from an overabundance of short-term thinking right now.Regarding number 2, I think your takeaway to buy smart is different than a result of wanting to buy more.

Direct marketing, buying at auction, MLS HUD/REO/Short sales, PPC Google advertising, or something else?

I have been investing in SFH (single family houses) and using the STR (short term rental or vacation rental) strategy for the past 6ish years or so.

https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...Short-Term Rental Loans: What Are the Options and How Do DSCR Loans Stack Up?

Long story short I purchased a home in an overinflated environment for $500k.

If you're goal is to BRRRR the property, look for short term bridge/rehab loan options that will allow you to finance the acquisition AND rehab of the property.