(In addition to seeing a trend of not writing new policy for California in general due to risks)https://www.sfchronicle.com/california/article/major-home-in...I will have some carpet in stairs and bedroom because the house already came with new carpet in stairs and bedrooms, the rest have water proof laminate , LVP would be my first choice.I would want to screen and interview the owner and the pet(s). 

Could this be a new trend to open up the marketplace? 

this is somewhat true. depending on the size of the "skeleton". what we found from being in renovations for 8 years and new construction for the last 5 years nationally is that what actually makes the money is design, entitlement, land acquisition, etc. you can pull every lever in new construction. it's more active and you have all the control. if you don't make money it's your own fault. talk to any lender who looks at deals they would agree. banks prefer ground up at the regional level who see deals than existing renovations.

Quote from @Drew Sygit: @Yanting Wang many investors are buying, "build to rent" properties.They are all being told that in buying a new construction property, they shouldn't have maintenance issues for 5-10 years, which will increase their cashflow/profit.Well, tenants have a way of breaking things, not taking care of problems and letting them become maintenance issues, and this is on top of the fact that most new construction properties require several warranty repairs by the builder in the first 12 months.As others have pointed out, you must live in the property for the first 12 months for an FHA mortgage or take your chances with committing mortgage fraud. do a new construction multifamily don't buy a single family for BTR the numbers are garbage. density is the only win for economies of scale, micro units as well. small, well designed multiple dwelling properties are superior. 

Exactly.And I believe it'll continue to trend down.

Or are vacationers trending elsewhere for the holiday weekend?

The data help with the science part, but the art comes from your design vision and connections with people in market who can give you information about the areas where you are interested in investing.I have used a lot of tools, and right now I am using AirDNA and BNBCalc to get different data driven views on properties.  

I would highly recommend hiring a designer for that one, even if it's just a virtual option.

More people are booking STRs than ever before, and that trend doesn't seem to be slowing.

While seller advantages remain, a rise in new listings suggests a potential cooling trend.