A lot of our housing stock here has finished basements or in-law suites, so with something like that you can generate significant rental income for an inexpensive conversion. 

At $400/month/cabin, our total annual assessment income is $48,000. 

-Your current STR seems seasonal, so even without a mortgage, you may not achieve year-round cash flow.

This has made it an attractive investment for some, though high prices and increasing interest rates are currently impacting affordability.Addressing your specific points:High Taxes: Yes, California has high taxes, particularly income tax.

How much income do you need, and how much do you want?

I don't have any income yet as I am just graduating.

On average, you will spend 10% of your income on maintenance per year.

Each property qualifies on its own economic merits (i.e. rental income covering PITI payments)This is one of the main advantages for DSCR financing, i.e. the ability to scale without any kind of DTI limit imposed by conventional financing.

.*** The first 12 incoming checks are free each year.

The majority have evictions on their record, don't make enough income or have a lot of debt under their name.Comparing other rentals on Zillow, my asking rent is $1100 while other properties are trying to rent at $1200.