Though it may cash flow well based on their current debt service, when you compare the income it produces to the equity they have is it actually even a good investment for them from an ROI perspective or would they be better off liquidating and redeploying?

Comparing this to oil or timber rights is comparing apples to hand grenades. 

I've been tracing wholesalers in califonia for months, like nothing other state finding individual wholasalers in califonia is quite challenging I don't know if it's because the house prices are too high compared to other markets.

Firstly, it often generates higher rental income compared to long-term leases, particularly in desirable locations or during peak seasons.

Compared to STRs and LTRs?

How does it compare to other options available to you?

If you have high W2 income, the amount your STR makes (or loses) will be peanuts compared to the tax savings.

Kyle there are a ton of options here that you can compare.

- You or the PMC can get 3 bids, but who is going to know how to accurately compare them and understand if something is missing - that will require more work+charges once the project has started (a standard tactic by many contractors!)?

I look forward to seeing how this property performs compared to the properties in AR.