Consider sourcing a local REI group for that info.I recommend evaluating your local area first since that is what you are most familiar with and most accessible.

This will of course depend on your local tenancy laws as well.

Sadly, we lost my mother-in-law to cancer two years ago, and my father-in-law has since realized he no longer wants to live there, though he remains emotionally attached.The home is in its final stages of construction, needing only finish work and a kitchen remodel to be rentable.

You will want to understand taxes and applicable laws.

I don't agree with all of the local laws and politics in California, but its still a great place to invest.

In the end, it cancels out any benefit.Loss of Key Homeowner BenefitsIf you sell your home to an LLC or S-Corp, you’ll lose:$250k/$500k capital gains exclusion on selling a primary residence.Homestead exemption on property taxes.Owner-occupied insurance rates, which are cheaper than rental insurance.Substance Over FormIn tax law, the IRS looks at the substance of a transaction, not just the form.

The towns that we know well and have local insights in. 

There are people located all over who could help you locally. 

@Olecia Williams I am local here in Florida and help clients all the time purchase second homes that they short term rent with 10% down with zero issues.

We always recommend starting local when possible.