Landscaping, exterior paint, and a new front door can boost value.Flooring & Paint – Fresh paint and updated flooring can modernize a space quickly and affordably.If you have specific questions, feel free to ask—I’m happy to help however I can.

There are restrictions and unhosted seem to be illegal - https://www.longbeach.gov/globalassets/lbcd/media-library/do...They say that it isn't specifically prohibited but it is banned by the omission.

Happy to share lessons learned from out of state managing/investing if you have specific questions. 

I don't mean to be negative and obviously, you are going to do what you want to do, but to put it in perspective, I bought one of my 1st properties in 1990 (at a peak), and sold at a significant loss in 1997, due to specific circumstances.

@Justin Smith wouldn't do it.Why is he willing to sell you this SPECIFIC rental and not another?

Did you have specific questions? 

Aside all that, as others mentioned, you didn't lend enough info to give any specific answer to your specific situation.

It would help if you could be a little more specific about what you want to learn.1.

Hey @Megan OConnor, I can't comment on the area specifically but it is doable.You need to search AirBNB and VRBO to get a look at the competition (don't forget to look at VRBO)You have to work into your plans the downturn during the off season.

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.