@Mike Hsiao1) Inspect home ASAP to determine:- If they are taking care of the property and YOU want to renew- Do Pre-MoveOut Evaluation of potential repairs needed.

I think having a CPA local means you could potentially pop in and ask questions, but even then most would ask for an appointment to be scheduled prior to and they might not have openings for a couple weeks.

There has been pent up demand the last couple years, and potential home owners realize they’ll have to pay these high prices with high interest rates to own a home.

The seller should be able to provide a clear title guarantee.Property Survey: Including a recent property survey in the transaction can help clarify the boundaries and dimensions of the property, avoiding potential disputes later on.Home Warranty: Consider including a home warranty for a certain period after the closing.

Yes, for a few reasons.1) local to you - you would most likely have an edge to start right where you are, since you may have better access to data and physically can go to the properties and/or meet investors in person, if need be, etc. 2) since the #'s are typically larger here (SoCal) you have the potential to make larger $'s !

By scalable I mean there is a lot more potential as to how many properties you can buy with less amounts of money.

You could potentially sell the property furnished to someone looking for a vacation home or STR like yourself, that may help recoup some of your costs.

I find potential tenants wanting to move in the same day of write you a check on site is a big red flag.  

You are trying to compare oranges with potatoes.You will be converting an IRA that is invested in the stock market you have no control over into potentially some real estate investments.

So it has potential to reach 3k after renovation I'll make.