@Ella Marie the Pro's are you can build long term wealth, the Cons are you can lose money if you cannot properly quantify risk.

You can get bids from several vendors in thsi space. 

Short-term rentals of non-owner-occupied properties will also require a special use variance which is obtainable by starting with the completion of an application in the Zoning Department."

You will always be able to find a place once you have a city.  

Hey @Austin Camden, great to see you join the BiggerPockets community!

Which property management co did you move to?  

I also feel confident with his staff, which is readily available and courteous.

Quote from @Mel Rosario: HiDoes anyone know which companies that are willing to insure multiplexes in California, particularly coastal Oceanside, CA? 

Very cool that you are analyzing a deal that might work for you.

I don't know that @Dave Foster earlier mention worked...I'll let him chime in as the expert, but you can 1031 for less it just results in 'boot' which is taxable.