Investing in Furnished Rentals in San Luis Obispo

[Ron Zinger]

Hello,

While I have invested in rentals (and AirBnB) in few locations (AZ, CA East Bay, NV) I am new to BiggerPockets. I am looking into investing in San Luis Obispo (called also SLO), buying a nice single family home 3br / 3 ba about $1,700 sq feet (for $800K - $850K) and use it for 1-2 months per year as 2nd / vacation home. While I am not using it, I plan to lease it as furnished for short durations (1-9 months). Would appreciate any information about rental market in SLO, how much I can get for furnished and none furnished (year lease), occupancy rate, etc. I am OK also with lower CAP (hopefully 4%) as I am also using it for 2nd home.

Thank you and Merry Christmas / Happy Holidays! 

-Ron