Condo- First Purchase

[Olivia DeMarco]

I am looking into purchasing a condo in the Sacramento area. My boyfriend is a travel OT and I work remotely. Our plan is to purchase a 2 bed 2 bath condo near downtown, or near the university, Airbnb one of the rooms while we are living there, and in June when his contract is up, we plan to move out and rent the entire condo out long term. We are mainly looking to use the property for cash flow as opposed to appreciation. Does anyone have tips on buying a condo, or about the Sacramento market place? This would be our first property, so any tips at all would be helpful!

[David Mohrmann]

@Olivia DeMarco you are definitely going to want to see if the condo board allows for STR. The board can levy some hefty fines against you if you operate without it being approved for STR.