@Aditya Akella with the price of material skyrocketing and the shortage in labor, i wouldn’t jump into new development this year.A lot of experienced developers have been putting their projects on hold waiting for better times.

You may not know that with the sever shortage of houses to sell theres a lot of zero income agents these days. 

Talent can push rates up slightly, but I don't think for the bulk of development activities employers are going to pay a major premium relative to the value you can deliver because of a shortage of labor.  

It's true as there is a shortage of rental inventory.

As long as there is a shortage, we will continue to have a strong market.

All rents should go to that account and all expenses paid out of it.If you have to cover shortages, transfer from your personal account to DBA account.

Typically you'd only calculate long term rent when you crunch the numbers, but Santa Barbara has a shortage of hotels/places to stay, so airbnb/short term rentals, like @Rohme Williams said, should be a solid bet.

Prices are relativley low (on a national comparison we are priced #66 out of the top 100), the city is fully built out, so growth happens only in the wealthy suburbs, which does not help with the roof shortage we have.

I think there will be a nursing shortage soon.

Deals are tough all over right now because of supply shortage and high demand (Millennials saving up for down payments during COVID, people moving out of cities, etc).