What would vacancy rates look like if I'm focused on college students?

Many older people have equity trapped in their homes or have low mortgage rates that make selling and moving difficult.I think it’s wonderful that older adults have the option to share their homes.

Invest back into the property to get a higher rate/occupancy, fight for just being the lowest price and cleanest rental in the area, or explore another exit strategy (sell, MTR, LTR, etc)

Look up Pace Morby and his groups, etc, they sometimes source homes that don't have as high of an entry fee as buying a home the normal way would. 

You could raise your rates by $1 a night if you don't want it to impact your cashflow.As for linens not on beds: imagine a family packing for a vacation and cramming everything in a car, dealing with screaming kids on the trip, dealing with nightmare traffic and finally getting to the place and unpack all the crap. 

How do you see interest rates trending in 2024? 

The 30-year fixed rate ranged between 6.625% and almost 7.25%.

Plus interest rates for the rental loans are now starting at 5.3%, and I expect those to drop more in the next 6 months.   

I know LLCs are a protection tool with no tax incentives but with those come higher insurance/fees versus staying in your name. 

>but quickly realized that trading time for money wasn’t going to be enough if I wanted to create wealth while living in California.I think you are entering a tough market.  2.5 years ago (before interest rates doubled)  it was a much easier market.