As this is a little tricky, I would recommend speaking with a 1031 QI first.

@Derick JenningsRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Generally speaking, I would not recommend STR in West Sacramento, however, we'll see if that changes with the A's coming to town :)

Ask to speak with some of their current owners and current/former tenants.

Is it fairly priced for the size, location, quality, and other factors?

Also, I wanted to convey that the type of investor I describe should on;y accept a quality tenant well above what’s typically considered acceptable in the industry.  

The structure will depend on the down payment, quality of borrower, terms of note, your cash out of the note sale needs, and other factors. 

It depends on your financial strength, the quality of the property, how many properties you own, etc.I like to start with one significant expense and three months of vacancy.

Hello Alexandra, it was a pleasure speaking with you yesterday.

It's acceptable as an area though the flips I saw weren't great quality.