We'll ask a real estate attorney about issuing a "home improvement loan" after the sale.

Notice, it’s always the case that your rehab costs, financing (HML) fees, and realtor sales fees always comprise the majority (around 85%) of your total expenses.  

I'm at 2200 Sq ft with 3 bedrooms, a major living room, and a climate controlled finished Florida room. 

Definitely price is the major factor, but location relative to OC is important for me as well.  1.5 hr drive ain't bad for an investment property if anything goes wrong. 

Hail is the bigger issue in my opinion. 

I finally landed a deal with a Major Restaurant group with strong sales and negotiated an absolute NNN lease for more rent for the next 10 years. 

Managing STRs involves guest communication, coordinating cleanings, promptly (like, within an hour or so) handling any maintenance issues - it's completely reasonable that their rate is higher than that of a LTR PM.  

Since early 2022, we've been dealing with this issue, primarily near the windows.

Who will address tenant nonpayment issues, including evictions?

I live less than fifteen miles from all my rentals, and the majority are closer than five miles away.But that's not what you asked, just a cautionary note.