A CPA familiar with local STR regulations can definitely help make sure you’re set up correctly!

STRs have a huge earning potential but it's definitely something that takes a lot of time, patience, and effort these days.

.• Use some equity from the sale to make this transition smoother.I’m torn between maintaining our current home as an asset and buying  a new smaller house to use as a rental after we move back in versus simplifying and focusing on a single upgraded property Considering factors like market trends, potential equity growth, and quality of life, which path do you think would be most beneficial?

I definitely think co-living would bring in more revenue but also more work. 

@Khyree RandallIt's definitely frustrating in competitive markets like Sacramento, but you’re not necessarily doing anything wrong!

If not, I most definitely would reach out to the tenant, introduce myself and ask if they are going to be out by the 31st or the 1st, I would communicate  to the tenant as if I know they were told they are expected to leave, otherwise you may find they "do not know" they need to leave even if they actually know they need to leave....In the case they claim they are not aware they need to leave, you would need to follow the laws in the state you purchased the property, usually you can find that info on the states judicial branch or speak with a landlord tenant attorney. 

I figured the PM would definitely be local to the area of the property and would need different PM's for each area, those were just the areas I'd like to invest in. 

SFH under 200k, definitely exist. 300k for SMF as well.

I think it’s definitely worth looking into.

Now I know this is most definitely something I need to inquire about when considering different policies.