I'm not sure if these high tech salaries will continue, some of them get compensated via RSU (Restricted Stock Units) My suggestions were to house hack (if they're still renting) or within a 2 to 3 hour drive.

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

If they are in a mobile home park, there will be restrictions as to what you can do (same as if you had a condo).

He can deal with odd/unusual situations very well. 

There are areas that restrict rentals to 6 months out of the year.

It is my understanding that this information is restricted, even more so than tax returns. 

He or she will also explain licensing, usury restrictions, and a host of other requirements.

I would suggest looking into your local market first obviously you need to find out STR restrictions or permit needed.

Quote from @Roger D Jones: This is terrible and not legal in any way but it was pre Covid and the rules were a little less restrictive. 

In terms of loans, due to high income, loans won't be an issue but since I already have a 40 hour a week job, it will put a restriction to how much I contribute in Real Estate.