You'd have to do some analysis to see if this pencils out for your house.Theoretically San Jose limits STRs to 180 owner-not-present days / year. 

Presently inhabited by tenants with plans to eject them if necessary.

I know stupid mistake, I did look into it but never presented it to him as I felt things would continue to move smooth as they were at one point.

These were the options that were presented in the signing documents as well as the option for the amount I'd like to initially draw.

Wait for a heavy rainstorm and come back with a moisture meter to see if there is moisture present at the time. 

For illustration purposes if a tenant or passerby trips and becomes  hurt because of a premises liability event, if you discriminate against a tenant or buyer, fail to pay your contractor for work that was performed or any of the many fact patterns that could lead to claim exposure presents itself do you really believe your identity is going to stop a plaintiffs attorney from filing a claim, lien etc?

His payment is $3,000/month presently.  

I have also heard several presenters say that we are likelier to find bargains in smaller locations rather than cities.

And today I'm going to give a short presentation on Market Selection.

Here is the link to view the presentation: How to Wholesale RE - Guide