There is a stats page on furnishedfinder.com that you can use to see what midterm rentals are asking for in your area, based on bedroom count.

You can count on your HOI being raised annually from now until the foreseeable future. 

I am happy to have their expertise to continue to count on. 

So after the first year, expect $5592 annual cost on property tax to counted as an expense for a reduction of cash flow in the amount of $5592 per year.3) Your assumption for HOA dues was $1000 per year. 

Keep in mind we are a "Mega PM", big staff big unit count, so it's a lot different then the Ma & Pa, but the principles can apply.

I’m a licensed agent in multiple states (my Arizona license number’s on file if you need it), and while I’m not your attorney or accountant, I’ve seen more real deals than I can count.

(I just searched MLS and there are 589 right now)  that is not counting off-market and wholesalers. 

Adding small units in small unit counts is expensive development.  

Until thousands of acres are burnt all over again.I dont think CA have 3,427 miles of coast line unless your counting every little inlet and the entire SF bay etc etc.. more like 1200 miles. in a straight line. 

Count on the rate to be at least 1% higher than where you'd be for a primary residence, and to maybe even cost a little in points depending on the program, your credit scores, etc.Happy to help you think on this more if you want to setup a call.