There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues.

Conventional financing requires that you have a SSN, Permanent Residency in the US, and a US credit score. 

Investment Info:Single-family residence commercial investment investment in West Sacramento.

Try a resident turnover, if it doesn’t go so well then you can go back to the PM.

They get a higher return since they are covering housing cost, have the $250k per spouse primary residence deduction in gains, is a savings account, higher leverage position, lower interest rate possible, will pay more premium for location, etc.House might be overpriced for REITs but not for home owners.  

Quote from @Ven Bud: After hearing to lot of bp episodes on negative cash flow, I have a question.I am currently living in my primary residence and planning to purchase an investment property, and obviously it is going to be a negative cashflow (bay area), but I am of the opinion that as long as the rent on the investment property is atleast going to be greater than my current primary residence mortgage it can still considered as positive cash flow investment.The investment property is going to be in a much better location (for office commute, bay area proximity) than my primary residence.

We recently relocated from our primary residence to a rental property ourselves (we recently welcomed a baby, and our house no longer accommodated our evolving needs).

@Carl RowlesI recommend a HELOC or Heloan on your primary residence or the rental if you have enough equity in either.

Has it been your primary residence for 2 years or more?  

None of these communities will be changing to residential neighborhoods, although a couple do have residential 'sides' that full time residents live in and can not be rented short term.Two of the big communities that you will have some issues with self managing are Reunion and Margaritaville.