Conquering Daylam probably won't make much sense as the Seljuks will probably invade it too soon.My Shia Caliphate, started as Fatimids in Syria in 867, achieved independence from Abbasids via faction, subjugated Muslim minors in Levant, opportunistically grabbed Edessa from ERE revolt and slowly pushed into Iraq, grabbed Baghdad and established Caliphate. Here you can see it seconds before Seljuk victory in their invasion of Mesopotamia:
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And here seconds after:
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What to do now? I'm no longer strong enough to go against Egypt, ERE or Sunni Caliphate, so I can't even clean up borders in Levant, and I don't want to go for Armenia, because they were awesome, they have been conquered by Saffarids and then fought their independence back. Any ideas? Also on the second screenshot, in the mini-map area, you can see mistype "Redsea"
Then.... wait for the revolts, perhaps help to spread some in the sunni Caliphate