If you were thinking about buying a vacation rental in a more coastal neighborhood like Mission Beach or La Jolla (where the cost essentially necessitates the escalated income of an STR), I would likely advise you to wait to see where things go legislatively.However, the neighborhood you mentioned are not necessarily in that same category.

Specifically San Clemente, San Juan Capistrano, Dana Point, Mission Viejo, Laguna Beach, Laguna Niguel; basically everything north of Camp Pendleton up to Irvine.

Wanted to bid on the condo on RANCHO Mission.

I would make it my mission to personally meet as many as I could before I actually bought anything.  

I was in the South Shore 79th St area today to get the grass cut at my place before the holiday weekend....and mission accomplished !

Our 2 STR units have a good PM that specializes in STRs in that location (Mission Beach). 

A military base with a critical mission, something other then a depot or staging/housing, and a 4 year state public college, so you get that government money from student loans coming in.

I flip homes here locally and have two projects going on in Mission Viejo and Ladera Ranch.

My mission is to provide safe and healthy homes and achieve financial independence. 

"The mission of Project Destined is to transform minority youth into owners and stakeholders in the communities in which they live, work and play.