But if you really love the area and want a slice of some of that beautiful CA coast, I'm sure there is a way to make your dream happen if you're willing to spend the extra money and go through a bit of headache!

I have been on the same beaches for over 50 years and they are the same.

That is just a short stay long term rental.Anything over 30 days requires vetting of the TENANT and lease.

@Bryan Noth But if the inspection fails to approve should I spend money to fix it before I can renew the lease ?

Conversely, I also know people who find communicating with guests and cleaners to be incredibly draining, they don't know the first thing about managing an STR nor does it particularly interest them, and they would rather spend their time making money in their main job rather than taking on a side hustle that they may not be able to do as effectively.

these are facts and circumstance cases.. did the contract have a mandatory mediation then arbitration clause or do you have to go straight to the court system.either way if seller does not cooperate your going to spend some months flushing this out.

First, if you spend $450K to add a unit, it doesn't sound like you are adding $450K in value based on the comps for a 3-unit property.

I had to choose between spending $18K for "not so great" policy, or agreeing to the improvements and spending $14K for a great policy.

We're working with several luxury STR purchase investors and several super jumbo refinances (over $3M) that are likely to commit with improved terms and anticipated ROI. 

I'll send you over a couple of the lenders that I use in the area.