In contrast, Indio, Bermuda Dunes, and Coachella currently have more relaxed regulations and fees for STRs, making them potentially more profitable for investors.On that note, I have a mid-century house located in Indio (No HOA) that may be of interest to you or anyone else looking for an STR property in the area.

Getting back in the game when you've been out for a whileOvercoming analysis paralysis: How to prepare appropriately for a decision so you can just do it alreadyFinancing strategies (I feel like various financing strategies could be their own discussions for entire meetings, but perhaps we could do deep dives into one or two strategies and compare / contrast, pro / con discussions too.)Bank notes (@Aninze A.

Contrast to a hotel, just call the front desk and they make it right.That being said, when I want a kitchen, multiple bedrooms or dog friendly place for the family, AirBNB is often a better option.

Off the top of my head, I know smoke alarms and screens are two of those (in contrast, they are not required to note the condition of blinds, etc).   

I have talked to several people getting over 2% rents that own ranging from 30 to 100 units in the area.Lower end high rent homes are more for the cash flow, they may not appreciate but the cash flow is great and should be considered in the long term and contrasted with your goals.

By contrast, if someone else accumulates MORE wealth but does so by being given more hands on (even if it's just a LITTLE bit) and earns a "higher" average rate of return, and thereby accumulating wealth more quickly, this person is also successful (but not necessarily "MORE" successful.  

@Cameron Chambers  since condos are gettig a lot of love on this thread so far, I'll give you a contrasting opinion...1) Unless you are on the strata council / condo corp, changes can be made to your unit's costs or use without your consent. 

"but if you can at least cover your expense with local investment, it will be a better investment than positive flowing out of Province property since you can tend to it" A contrasting opinion:1) Invest where the numbers make sense... this may not be local and that's OK. 2) Use a property manager instead of self-managing

I've personally seen a massive difference in the happiness levels of people who spend less than they make according to a budget in line with their values and goals, in contrast with people who don't track their expenses and never think about things like lifestyle creep and hedonic adaption.

I think its fine as real estate is a stable market in stark contrast to the last recession.