What I have gathered through 3rd parties is that if a basement does not have access to the outside then the windows in the bedroom are considered to be the 2nd means of egress.

I would make sure that you connect with the right network and team to get access to solid deals and opportunities! 

Once they learn how you do business, they will see you as less risky, offer better teams, and maybe even grant you access to cash you wouldn't get otherwise.  

My average fill up is 50 kilowatts so that  $2.00  Two bucks for 200 miles of range with no restriction on speed or fast starts at the line :)  Not every state is the same at our place in Vegas you pay one rate no matter what time of day and that is I think about 12 Cents a kilowat so about 7 bucks to fill up for 200 miles of range. lets say 20 MPG at 3 bucks  thats 30bucks for gas for same range.

Also, when picking a lender, make sure you pick one that is very familiar with BRRRR strategies, has access to hundreds of lenders to shop the best Hard Money and Refinance partners for you, and that can give you advise on the front end.  

(I also suggest an in person visit to meet folks and get to know the areas, not to see a particular property but to build relationships.)Once you are active in a market you will start to connect with investors who may be selling, wholesalers who have assignable contracts, and your realtor may also have access to off market opportunities. 

If any place has HOA/POA I would be very careful with those restrictions and talk to plenty of people including every board member before buying about their views on STR. 

@Jake HughesMore experienced investors may have access to Private Money.

You have a couple ways to access that equity.... you can 1031 your orange county property into a large multifamily and create cashflow that way.

But bottom line money is out of your account and into an account you cant access or influence.