as you might guess I can give you chapter and verse on this business back to 1900.out west there were literally Million's of lots platted with no roads utls etc.think Riverside San berdo counties ( high desert)  counties of N cal  Lake county 100k lots all platted no roads.. even in Santa Cruz ,  Sonoma and other bay area counties you have lots platted that were never built on.. but someone has been paying tax's on them for 100 years.. the big years were 1922 to 1928.remember there were no regulations..

@Glen Fitzmaurice congrats on the Karate Studio!

Would you recommend that focus on certain areas on SD, or maybe lookin more at the Inland Empire, like Riverside or Ontario?

Since you are looking for cash flow, can you get the kind of cash flow in Riverside or Inland Empire that you can get in Columbus, Indianapolis or Baltimore?

Quote from @Aaron Zimmerman: Glen - are you in a position to house hack?

We have a listing now that's for sale in the Historic Riverside area that's generating over $40,000 in annual gross revenue after Airbnb fees.

Areas like Riverside and Springfield see success in this method, as long as rehab adds enough value to justify refinancing.Bonus: You may even explore “AirBnBRRRR” in coastal neighborhoods like Jacksonville Beach—capitalizing on short-term rental premiums.Your Jacksonville Market SnapshotStrong fundamentals: A diversified economy with military bases, logistics, finance, and healthcare supports consistent renter demand and long-term appreciation.Rental dynamics: Although rent growth has slowed a bit, demand remains strong.

@Glen Wiley - I second this! 

There are a few other condo communities that allow weekly rentals or less (Riverside club, Seawinds, Apollo).  

I have clients who invest in Riverside by the room and generally do well.