Enough so that a person turns to ACTIONS to elevate one's life, to acquire these desired things. 

As Melissa mentioned there are some restrictions right now on new STR permits in North Lake (Placer County 5k feet elevation and higher), in South Lake and as of last week Truckee as well.

I think buying smart a condo is a great investment BUT I would not buy in a huge complex with pool, elevators and gyms.

These homes are usually small, simple structures, and many are built with the living areas above the Base Flood Elevation (BFE) already. 

(A) A landlord who is a party to a rental agreement shall do all of the following:(1) Comply with the requirements of all applicable building, housing, health, and safety codes that materially affect health and safety;(2) Make all repairs and do whatever is reasonably necessary to put and keep the premises in a fit and habitable condition;(3) Keep all common areas of the premises in a safe and sanitary condition;(4) Maintain in good and safe working order and condition all electrical, plumbing, sanitary, heating, ventilating, and air conditioning fixtures and appliances, and elevators, supplied or required to be supplied by the landlord;(5) When the landlord is a party to any rental agreements that cover four or more dwelling units in the same structure, provide and maintain appropriate receptacles for the removal of ashes, garbage, rubbish, and other waste incidental to the occupancy of a dwelling unit, and arrange for their removal;(6) Supply running water, reasonable amounts of hot water, and reasonable heat at all times, except where the building that includes the dwelling unit is not required by law to be equipped for that purpose, or the dwelling unit is so constructed that heat or hot water is generated by an installation within the exclusive control of the tenant and supplied by a direct public utility connection;(7) Not abuse the right of access conferred by division (B) of section 5321.05 of the Revised Code;(8) Except in the case of emergency or if it is impracticable to do so, give the tenant reasonable notice of the landlord's intent to enter and enter only at reasonable times.

Also have to pay for a new Elevation Certificate.

So, YES, they actually do go after lenders when the property owner screws up depending on the screw up, which is an elevated risk in construction lending frankly.

In that case early payoff does not elevate your return.

Housing prices in the area are currently elevated such that, for every property I've done some analysis on, operating expenses swamp rental income and depreciation. 

Creating elevated guests experiences in partnership with STRs is what they do.