Dig out and then in and go find that next deal if your still game.I would suggest out of state investors that are priced-out of their own markets work to establish partnerships with other similar cash-strapped investors in their own markets.

Eliminate debt, establish a budget, and save.

You want a cosigner if they don't have established credit.

Our established process provided the financial backing to secure the property, enabling Debra to focus on the resale strategy.

A general rule of thumb though (not a hard rule) is that if a market has a prolonged history of vacation rentals such as towns whose commerce is very dependent on tourism like beach or mountain towns, then there is a good chance than those towns have established their airBNB regulations decades ago and are likely stable.

@Landon Sheveland People do fix and flips while living into the property to classify the property as primary residence and not pay any capital gain taxes. if that is your intention, don't use LLC to establish this as your LLC.If your goal is different compared to what I said above, you can use LLC.

It establishes a base that's $40 lower, which all future rent increases are based on. 

Eliminate debt, establish a budget, and save.

My main focus on Florida stems from an established working relationship with a property management company there.

If you're going to live in LA forever the first thing you need to do is establish your primary residence - in LA.