I flat out told him a 200% markup for a bathtub and surround seems extremely out of the norm.

Every person is unique and different and unless you hold securities licenses or are a CPA, I would remain extremely broad.

The majority of properties that are zoned for STRs with city codes, are sold extremely quickly and are usually 'off market' properties.

Most modern hotels are like this.Yes, I have had numerous issues with guests going to extremes with the climate control, and my property is located in an area where electric is very expensive.

This strategy has become extremely popular with new investors, and I don't see us having enough "distressed" properties to meet that demand anytime soon.I see opportunities in other parts of the market though. 

In short, I’m extremely interested in the space, and I want to get involved.

I would love invest locally but I'm not seeing many opportunities as prices are extremely high here and the numbers just don't make sense.

I have been following other videos/podcasts but most are either discuss very basic concepts or to the other extreme.

All is a case by case scenario, but I would recommend not to close until you feel entitlement are either approved or extremely close. 

I'm extremely knowledgeable about the LA city rent control.