You mentioned Stockton - I'm not the biggest fan of that area with high pockets of crime.I do NOT think buying inexpensive properties far away where you have no connection is a wise move - if you have family or friends in these states where you could fly there often that might be a different story.

I think inexpensive depends on where you are. nothing related to insurance is inexpensive in florida! 

TVs are pretty inexpensive and my thought process is that I'd rather have not only the TV bracket done right but not risk having the mounting hardware go missing when the tenant moves out.

Most of the time, you would do a cost seg analysis, but if you are only interested in expensing the rehab, that can easily be accommodated by bonus depreciation.

If you have a inexpensive fishing lodge, then a bunch of guys will likely be OK with less bathrooms.Also if you have cheap prices and you clearly advertise your bathroom situation you should be fine.If you have a 6 bedroom beach shack and you have discount prices, and clearly advertise the bathroom count, you should also be fine.Now if you have a high end, high priced house, not enough bathrooms could limit your occupancy and possibly get you bad reviews or less than stellar. reviews.It needs to be a balance.

Start with conservative revenue assumptions using actual comparable STRs, not pro formas, then back into a max purchase price after accounting for all-in expenses like HOA, management, cleaning, reserves, utilities, and local regulations.

Appreciate any thoughts, especially from investors who started in expensive coastal markets! 

Based on the advice from my previous post and some DMs, I’m leaning toward starting with a small, inexpensive property to house hack.

I love the VA house hack route in expensive markets.

When your property is relatively inexpensive, say $200k, and you want cost segregation applied to it - is it worth it to hire a cost segregation firm and pay their fee?