We recently had an ESA Great Dane (with all the proper ESA documentation) that bit another resident. 

We have purchased notes for as little as $960.00 and as much as $50K, but for the average they have been around $15-20K each... all of those having made an average return of 150% in an average return time of 3-6 months...I'll take that over a kick in the pants and shot in the dark any day.M

I believe you have to make that your primary residence for at least two years before moving to the next one. 

Quote from @Hunter Hanlon Taylor: Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

I intend to relocate to the Rapid City, SD region in April/May for work, and I plan to acquire a primary residence that could eventually be transformed into an investment property.

You can also HELOC your primary residence or RELOC the orange county property and transition that into cashflowing assets.

@Frank ThomasA few clarifying questions:Do you plan to live in it as a primary residence?

The resident takes care of everything and usually stays 3-5 years at least. 

Investment Info:Single-family residence buy & hold investment.