Our lease allows us to sublease for one year minimums which we plan to do for about $2500/mth + utilities including escalation clause.In this cozy little neighborhood of upwardly mobile millennials looking for a fun place to live, work and play and the well healed Baby Boomers seeking a cute place to hang out, take long walks on the beach, bike the many miles of beautiful coastline, golf, fish or surf to your hearts content.  

Currently there is a mass exodus of millennials from the Bay Area moving to more affordable areas as they reach their prime "settle down" years, and Sacramento happens to be one of those main locations.We are projected to have the #1 year-on-year rental growth in the nation this year with 10%, and 8.5% the next.

COE last week, rain this week, new flip is flooding, the ceilings are urinating all over the "plush carpet", the textured walls are now 99% wet, and I have a crying new millennial buyer soaking tears in IPA's by the growler full! 

Read more about it here:https://www.biggerpockets.com/forums/621/topics/396725-millennial-migration-to-sacramento-2017---here-comes-the-rushCalifornia is a low inventory market in general.

This is particularly true if they are Millennials, which is something I've written more about here:https://www.biggerpockets.com/forums/621/topics/396725-millennial-migration-to-sacramento-2017---here-comes-the-rushPeople who are stuck in the Bay Area with nowhere local to invest have an opportunity to get in front of this migration and see some good appreciation and rent growth heading into the future. 

I'm a millennial and live close to downtown so fit in to this demographic.  

A lot of this recovery is primarily linked with millennials coming of age and buying/renting homes as well as homebuilders constructing these homes.

But then again I am a single millennial who cant wait to do something weird, like nothing but a hammock and a motorcycle. 

It'll continue to be that way with millennials.

Demographically, we also have millennials start to hit the age of household formation, which is putting pressure on the starter home side.