I live in California and I am looking to get into the local market.

The short is, you shouldn't be looking to invest right now, you should be looking to learn and connect with other local investors.You have home ownership under your belt, so you want to build on that.

Raymond, Go to your local REIA (Real Estate Investors Association) with handouts (color works best) about your deal.

I feel like eventually, these local municipalities will ban Airbnb.

Theoretically, I could advertise "no deposit" and charge something like a $500 move in fee, which is non refundable.

Hey Jesse, I'm a local investor in Ft Myers, good to connect. 

A good way to find cash buyers is to visit your local REIA group.

I do believe it will help, giving me access to the MLS and can run comps and have knowledge of the market.Also, will be looking to house hack and buy and holds if I can get all the pieces to fall together.Will be attending meetups to network.Will be searching for my own deals with some local realtors.

And yes, RE prices have now dropped dramatically on local vacation rental homes.Your 5-6 bedroom home strategy makes sense and we are currently seeing the highest demand for that home size.

The problem is not only that existing tenants suffer, but that local government will be pressured to pass legislation that will be extreme and engulf well run parks into spending unnecessary expense and complying with rules designed to provide residents with services they don’t want.