First unit lease is up for renewal on 10/31/2024 and has a good long term tenant.

How are long term rentals doing?

I know that in Mississippi the rule of thumb seems to be that as long as the lot can meet the frontage requirements, construction is permitted.

Firstly, it's important to point out that Pismo Beach, like many other California towns, has imposed stricter regulations on STRs in recent times.The city has drawn a distinction between three types of authorized 'Less Than 30-Day Rentals,' specifically a "Short Term Rental," a "Vacation Rental," and a "Homestay Rental."

Total cost significantly below their current monthly rent.3- If you have to 'give them' to the current tenant to get them off your books then do if it makes sense long term.  4- Don't do purchase contracts longer than 18   months. 

Read "Long-Distance Real Estate Investing" by David Greene to better understand how to find a market and do things from a distance.

- Minimum period contract term or agreement?

Terms should include interest rates, repayment schedules, and contingencies for unexpected issues.

Why do you think purchase contracts are so long and have such small print?

It doesn't take long to learn how to spot a good deal.6.