It can be done but it may take years to build up cash flow especially if you live in high cost area like CA.   

They said that per California Revenue and Taxation code, they're asking me to provide them info such as the purchase agreement, rent rolls, etc. to assist them in doing the reappraisal of my property.  

CA will want to collect the portion of the tax due while the property was in CA. 

I believe CA market in general is expected to increase by 4-5% but SF is unique. 

https://www.redfin.com/CA/Los-Angeles/8112-Airlane-Ave-90045... 

California is expensive!

Wife and I bought a 3 bedroom single family home in Merced CA.

"Cross selling" is _________________:a) When you go to your sales job wearing clothes more typically worn by the opposite gender.b) Just like it sounds: literally selling crucifixes. c) A strategy wherein a business strives to encourage existing customers to purchase adjacent products complementary to an item that the customer has already bought in a prior transaction, or is currently on the verge of purchasing.d) All of the above.

Years ago I saw homes in areas like Lemon Grove with large floorplans and limited rooms.

They do public debt funds, apartment complexes (in Southern California and the Southeast), car washes and self storage.