Get a property management system that is API connected (software connected) to both Airbnb and VRBO (and Google Vacation, booking.com, etc)That will become the mitochondria of the business. any update you make in the PMS will reflect in your listing for the other platforms (channel manager).Each of the booking platforms have different fees collected so you'll adjust the management fee in the system so that you get a similar payout.I use JURNY, a little known system that's I've used for 2 years to manage nearly 20 properties. but I love it because it connects to Autohost so I get automated leases sent out for signature (yes, even on Airbnb and VRBO) along with ID collection, SELFIE, credit card deposit and then the AI tool kicks in and detects for fraud. 

There are also opportunities in luxury flips ($1.5M+ ARV projects), which I’ve helped other clients successfully enter.

Quote from @Lloyd Pierce: It's our first time in the STR/Vacation home market!  

Some ways are best for single family residences, some for multi-family, some for commercial, some for Short Term Rentals, some for manufactured, some for land, some for building, some for vacation and on it goes.So, if you are buying in CA how is that different than in TX or in OH?

You have a competitive advantage if you know the area better than someone who might be investing remotely.Think about a city you grew up in, a city you live in, a city you visit often(Friends / Family), a city you vacation often.Best of luck!

If this isn't possible, we're happy to work around the current tenant's schedule.To facilitate this, do the tenants have any planned vacations during which we would have full access to the unit?

Is this purely a tax play, or is it a lifestyle benefit (such as being able to vacation in it with family), or is it a serious investment you're pursuing?

I believed you mentioned luxury apartments around too - this is another good thing for your area.

I’m seeking advice from anyone willing to share their insight.My ultimate goal is to become a limited partner, private lender, and owner of several triple-net retail spaces and residential apartment buildings, eventually working my way up to luxury apartment complexes with 500+ units.

If the new lease isn’t signed 45 days before expiration, we send a letter on company letterhead advising that if it isn’t executed by the 30-day mark, the lease option will be withdrawn and they’ll have 30 days to vacate.