This is where you see the biggest returns and I have all the resources and documentation already created to execute this, there is just a shortage of supply.

SeriouslyIf your leaving Cali, for buy, rehab,rent, refinance, repeat, there are a ton of investors here in the Midwest doing this and do not have a shortage of properties.

So the following is a list from my experience, that you need to a) plan for and b) understand how to deal with if you're going to get into RE in the city.Tenants (non rent controlled / stabilized): there is a massive shortage of affordable housing in the city, and a shortage in homeless beds as well.

Due to housing shortage no full time STRs are allowed.

They will cause constant issues like clogs, electrical shortages, lead citations, remediation if there is asbestos in piping or building materials, etc.Maintenance and CapEx are your two most variable expenses.

I am new to investing in raw land and it seems there is no shortage of online resources and educational programs in which to enroll.

My main concern is the current cost of supplies and labor shortages.

Everything I have heard is Steel will stay up for the next two years due to auto industry playing catchup from chip shortage. 

I heard a blurb on the radio that they are stopping or pausing new acquisitions because of labor shortages.

I agree with everyone's comments and with the market frenzy, cash offers flying everywhere, and shortage of supply it's a challenge.