I know taxes and regulations and land lease can be rough there as opposed to Big Bear which is pretty straight forward and fairly easy to print money. 

If there are no apartments available for rent that could be a good sign that there is not enough supply.

MATERIAL LISTJ&K Cabinetry, RTA cabinets located in OrlandoIKEA countertopsTile and other supplies mostly from Home DepotDoors from Habitat REStoreHVAC from Parrish Heating & CoolingUsed appliances (I'm installing new next time, used wasn't worth the savings)

It began as a persona residence then became a long term rental and then it became clear that in this area short term vacation rental are very profitable and if you stay within the confines of the regulations I think they can be fairly safe long term.

It began as a persona residence then became a long term rental and then it became clear that in this area short term vacation rental are very profitable and if you stay within the confines of the regulations I think they can be fairly safe long term.

We have a virtual assistant there who does the following jobs -* Quickbooks Data entry* Run payroll* Handle all aspects of insurance certificate upkeep* Run monthly insurance reporting (WC/GL)* Update payables/receivables into a weekly list for me* Pay vendors/subs at my direction* Order office supplies* Order materials for jobs* Order dumpsters and portapotties* Post images to social media* All the oddball jobs that take time but don't take a lot of thinkingWe previously had a full time employee doing this, and actually had a hard time keeping her busy.

Be sure to count all the costs though, get costs on supplies needed, total closing costs and bids from licensed professionals who will have to do the plumbing, electrical and other services that you aren't able to do.  

I have to look into what the regulations are in CA for that.

However I've been told that because of strict underwriting regulations the larger institutions we'll have trouble looking past this.

You will need to set up the proper structure and comfy with SEC and state securities regulations of course but thats easily handled by an SEC attorney.The one thing you do not want to do is purchase a property under your company and do a JV or profit split with an investor.