Check on VRBO and Airbnb.

If you decide to go the Airbnb route in either city, be sure to check local regulations around short-term rentals to avoid any surprises.

Check the Association & Rental Restrictions•If the property is in a condo association, verify whether there are rental restrictions (e.g., one-year ownership before renting, minimum lease terms, or rental caps in the community).

Highly suggest checking out the local meetup events:  https://www.biggerpockets.com/forums/521-real-estate-events-...What are your goals for 2025?

Your agent in Sacramento should've brought this up and checked those rents for you prior to making an offer.Often when renting to a residential care facility you'll get higher rent than normal, and if that's what making the deal work just make sure that it will still work if something happens to the facility and you need to rent to a regular tenant.

Thus, they take extreme risks and look for corresponding discounts.Additionally, after the first position lender accounts for default interest, penalties, legal fees, foreclosure fees, accounting fees, and everything else, the equity in your combined <65% ARV loan can easily erode to zero.

Have a way to double checking their information they give you on the application.  

There are many service companies that will manage seller finance notes including the payments, escrow accounts, and documentation. 

However, the depreciation claimed while the property was a rental must be accounted for upon the future sale of the personal residence, which could increase your capital gains tax liability.The adjusted basis of the property (original cost minus depreciation) will be used to calculate gains or losses at the time of sale.

@James Galla good point, I’ll check that is morning.