@Philip AndersonMultifamily properties in Ventura can perform well due to the area's high rent demand, but inventory can be tight.

I find a lot of books and articles give the perfect scenario or the absolute horrific situation to get eyeballs.You will not have to perform at a level 10 consistently (10 meaning demanding). 

That said you can greatly alleviate that with good screening, and the higher price point that these types of units can demand should help filter out the deadbeats.

An 80% occupancy rate indicates low demand. 

STR is a bit weird because the Covid travel demand pushed the price hardcore for the last few years. 

Do I only draft a cash-for-keys agreement after they've accepted the notion of it or just drop-off the proposal/demand?

The high end rental properties can be a different animal than your run of the mill $2,500 month rental both in terms of upkeep and demand.

Depending on the number of jobs and number of new development going on in the area it may just be simple supply and demand.

The Highway 64 property presented a great opportunity due to its low acquisition cost and potential for substantial value increase.

Accountability must be demanded by Californians, and the nation as a whole.