Have you explored specific neighborhoods yet?

If you could avoid an HOA, I'd advise to do so. 

If you have specific questions about property management, I'll be happy to help!

There are a few specific area we target in Sacramento depending on your goals.

However, terms are negotiated specific to each project. 

Taxpayers should be aware of the criteria for this specific scenario.

Also, nightly stays should be adjusted based on your specific pricing strategy as well (e.g. longer stays further out, shorter as dates get closer or gaps exist).

You can find online which larger institutions are buying in a specific area and try and reach out to them.

Assumed nothing could possibly go wrong in the next 5 years what you want when you look at an investment property is to know the current rental amounts, specific expense items, and conditions of the building, grounds, and mechanical systems.  

So to answer the question specifically no I would not buy a property that did not cash flow and only for tax basis.