The good news is that there are still investable vacation rentals but historically the barrier to entry is growing each year. 

Simplified ManagementFor those managing multiple properties, AB 2622 streamlines operations by expanding your hiring pool and removing the red tape often associated with minor repairs.Why It Matters for TenantsTenants also benefit from AB 2622:Faster Maintenance: Minor issues like plumbing or lighting can now be resolved promptly.Fairer Move-Out Costs: Affordable repairs mean tenants aren’t hit with inflated charges for damage beyond normal wear and tear.Things to Keep in MindWhile AB 2622 makes maintenance easier, landlords should still vet unlicensed workers carefully, ensure proper insurance coverage, and remember that jobs requiring permits must involve licensed contractors.AB 2622: A Win-Win for California’s Rental MarketAB 2622 strikes a balance between flexibility and accountability, making it easier for landlords to maintain high-quality rentals while fostering better tenant relationships.

But, it’s not a business because even if successful, you don’t own the underlying asset, so unless you grow very large you have nothing to sell.  

Look at median household incomes, look at market economy base and diversification, look at what's being done to protect and grow economic performance, just run the #'s and the message should be crystal clear. 

THEY ARE STEALING FROM YOU (remember your remark about him not even getting a fast food/entry level job? 

Do you also remember appraisal value? 

The current portfolio doesn't require much management, but I feel there is opportunity to grow the portfolio moving forwards. 

Palm Coast, while not as flashy as Miami, is indeed growing rapidly, with increasing interest from higher-income professionals and retirees.

For example, if one is looking to invest in a C neighborhood and looking for indicators that it could grow to a B neighborhood (or A hopefully).

Some of the best investment were made in bad neighborhoods and higher crime rates then as usual the area becomes gentrified and continues to grow in both equity and passive income.