@Jaquon Miller Did you already pull the trigger?

The transfer of title could trigger negative covenants in the loan (eg: Due on Sale Clause).

With a few month's before some note's expire they send notice unto their regional lender inviting lender into a negotiation of consideration because there intentions are if a mitigated arrangement can not be meet, with market rate offerings on debt not tenable, there going to walk away and exercise strategic default. 

As copied and pasted from above-(1) more than one-half of the personal services the taxpayer performs in trades or businesses during the tax year are in real property trades or businesses in which the taxpayer materially participatesThat's how I understand the W-2 problem... it is hard to say you spend more time on real estate than any other activity if you work 2,080 hours.Another consideration is how much you rely on the W-2 income for lifestyle versus rental income.

If you want your space to feel inviting and comfortable to live in, you have to trigger certain emotions in people. 

Are there other factors that should be taken into consideration?

But do not discount your desire to come back to CA.Very helpful, and I will take all these into consideration, so thank you!

Hello, I am a rookie who has been studying and getting ready to pull the trigger. 

That's a good primer for understanding all the key considerations for finding and funding a private money loan to create passive cashflow.

Having owned both SFR’s and MF, I’d say the exact location should be a bigger consideration than the property type.