You are relinquishing a lot of power, and when you are constrained by time, like a lot of the bridge debt out there, you're taking on additional risk.That being said, if you have a terrific opportunity and can execute, you need to weigh the cons versus funding your deal

I had a prospective tenant (traveling nurse) last week who was interested in renting the unit starting in mid-August and I sent her the link to the Avail application.

I live in the SF Bay Area and have decided to buy my first single-family home.I fully acknowledge and recognize that the SF Bay Area and California (in general) may have some of the worst cash flow numbers in the entire country.I've already traveled to cheaper Midwestern states to look at real estate opportunities, but have decided to invest here in the SF Bay Area as I'm purchasing with the intention of living in it first and foremost, and then renting it out sometime in the near future when I move overseas.I'm looking for anywhere in the Greater Bay Area/Northern California region (even Sacramento & Central Valley is okay) with better than average purchase price to rent ratio, and some appreciation (if possible). 

Hi Logan,It sounds like your clients executed a fantastic strategy with that property!

I just have to execute and thats always the key. 

There are a good number or traveling nurses in that area so that can help contribute to a healthy mid-term rental.

So if you get an FHA buyer, you just wait to execute until day 91.As far as comps go, I would say savvy agents and the appraiser will all look at the property history. 

If Landlord exercises this Right, binder funds will be mailed within 7 days to Prospective Tenant(s) at a current address listed on their application(s).Move-In RequirementsFirst Month’s Rent must be paid in full in the amount of: $__________Security Deposit must be paid in full in the amount of: $__________Other Move-in Fees must be paid in full in the amount of: $__________All tenant paid utilities must be transferred into Prospective Tenant’s name.Background checks done on all occupants aged 18 and above.A Lease must be executed and signed by all parties.When all move-in requirements have been met and Prospective Tenant(s) given possession of the property, the binder will be used as the tenant’s security deposit.

During Covid I worked for a Medical Travel company so i would highly suggest with your knowledge to use that in your benefit.

I highly recommend travelers.