I would never imply that I know how to operate in another market.When you say there are not that many investors, and there are a lot of agents, I would consider that an opportunity. 

Regarding your first point, my goal was on acquiring my first property for a couple of reasons: 1) it implies I have successfully found, offered, closed on a property which encompasses a large number of critical skills in this business, and 2) it seems to me that closing on the first deal forces you to “make it happen” or, in another way of saying, taking the property and generating profit. 

If a listing agent calls you, he implies he wants to rep you.

In most states, this is an implied agreement and you need to follow the same laws you would as a landlord evicting a tenant.Since you cannot be sure that they have left, then notice should be given.

A ton of questions, especially if they imply you are a newbie may be a turn off.Good luck - Ned

You can do the calculation of the NOI and then figure out what the CAP rate implies for a value.

If they cap permits, current investors will likely get grandfathered in and be allowed to continue operations, but they won't be able to sell later at the premium STR cashflow implies bc permits aren't transferrable ... so not-so-great exit options.

I did imply the buying pool is smaller than for SFH. 

This implies in comparison to historical cap rate spread, coastal Ca cities have better cap rate (not necessarily higher, but higher in comparison to other markets) than in the past. 

My issue is that my family owns a bit of property, but they're not assets according to Rich Dad Poor Dad, which implies that yes, they are liabilities!