The third and IMO preferred option (without knowing more of the Sacramento specific options available) would be to pursue a Tentative Map Waiver for a condominium conversion.

-Days on Market (DOM) for single-family homes rose from 32 to 42 days;-Total property sales fell 4.3 percent with 9,780 units sold;-Total dollar volume dropped 2.0 percent to $3.8 billion;-The single-family median price was statistically unchanged at $339,000;-The single-family average price rose 2.5 percent to $420,124; -Single-family home months of inventory registered a 3.3-months supply, up from 2.4 months a year earlier – the biggest supply in three years;-Townhome/condominium sales experienced their 15h straight monthly decline, falling 19.0 percent, with the median price up 3.2 percent to $225,000 and the average price up 2.7 percent to $260,909;-Compared to pre-pandemic 2019, townhome and condominium sales were down 13.0 percent.

I would also HIGHLY suggest you make sure to check with the building's HOA policy on rentals, not all condominium properties allow rentals, so you could waste a lot of money buying something you can only use as a personal residence.

pid=1983Houston Real Estate Highlights in September, 2023:-Single-family home sales fell 10.9 percent year-over-year, making September the 18th consecutive month of slowing sales volume;-Compared to September 2019, before the pandemic, sales were down 2.3 percent, and compared to September 2018, five years back, they were up 7.1 percent;-Days on Market (DOM) for single-family homes rose from 37 to 45 days;-Total property sales fell 9.5 percent with 8,550 units sold;-Total dollar volume dropped 9.6 percent to $3.3 billion;-The single-family median price fell 2.2 percent to $333,000;-The single-family average price rose 0.8 percent to $416,664; -Single-family home months of inventory registered a 3.5-months supply, up from 2.6 months a year earlier – the biggest supply since November 2019;-Townhome/condominium sales experienced their 16th straight monthly decline, falling 14.4 percent, with the median price up 2.2 percent to $224,250 and the average price up 0.3 percent to $257,909;-Compared to pre-pandemic 2019, townhome and condominium sales were down 5.2 percent.

Have you reviewed the condominiums documents yet?

I'm in Baton Rouge and I'm guessing this unit is in Live Oak Circle Condominiums.

You, the buyer, must qualify for the loan and go through underwriting, and so must the condominium.

Be VERY careful if you decide to invest in condominiums in S Florida.

I was a bit turned off when looking at condominium fees and other expenses, but then remembered I may be able to deduct these on my taxes.I would be living in Tennessee and would need the property managed. 

In addition, part of the legislation allows for the separating of the lot for the ADU like a condominium lot.And it's not just large tracts of land, the value is in all of the 5,000-8,000 sf lots that make up the bulk of city lots throughout the state.