Are you getting 1 year leases there from casino workers or other industry? 

It will also be more drama than the average SFR. 

Let's say your average renovated purchase price or all in price renovated & purchase is $35k.

I have to exchange 215k cash and 118k debt, so I need to either buy two houses at the average price of 220k or one all cash and pay nearly 30% in total California taxes on the debt of 118k.

Multi-family, retail, office, industrial, student housing, senior housing, single-tenant net lease?

Currently I am a implementation consultant and project manager in the financial services industry and I am looking to start getting into real estate and build it into a full time business.

That means to have the optimal equipment installed you would have to have the electric heat installed first so your consumption can be averaged.

Coming from a tech background I find it easier to understand tech fundamentals better than other industries.

The basic data points as I think of them:---What is your gross rental income per booking---What is your cost per welcome basket---What is the increase in chance of a repeat booking, based on the presence of the welcome basket---Secondarily, what is the change in likelihood of a great review, based on presence of welcome basket     If you have a high gross rental income per booking (say average $5k per booking), and you can offer an incredibly high impact welcome basket at a low cost (say the basket costs $20 but includes dates harvested from the date palm trees located on the property), you will likely find this yields huge returns in repeat bookings and reviews.    

Every google search yields “average of 6%” split between seller agent and buyer agent.