Without the high leverage you reduce the top source of return in CA RE which is achieve via the appreciation on a high leverage property.  

But presuming you are talking about doing the above, this is a high risk strategy.

High performers everywhere swear by it.

If one has high living expenses, cash flow doesn't mean much and I definitely understand going for appreciation first.

very high risk even I only do them with very specific investors in mind and a plan. we dont flip land we develop every one. 

Also, SAAS platforms are supposed to include support and service (that's the last S), but the quality varies greatly from company to company. 

Even though the nightly rate is high, the RE has such high value that the margins are fairly tight.  

I’m at the stage now where I’m shifting my focus to cost of living and overall quality of life in each area.

also we do not know what is going to happen with int rates, they are very high now, the economy is not good and it is not certain they will be coming down this year. we know there will be more responsible gov spending, so maybe rates will come down, no way to know...I think you need to know the market where you plan to buy well, and go from thereBest of luck

I know sometimes no matter what everything just isn't for everyone however if you stick to quality service you'll hit the goal more times than not.