Haven’t had a chance to research STR permits in Sac yet but writing offer for a unit today.   

I incorporated smart home technology, such as automated lighting, heating, and security systems, which is highly desirable in today’s market.

I’m starting by using the resources available in this forum and educating myself on finding, analyzing, and financing deals. 

Value and rents should eventually increase to turn cashflow positive and build your wealth.You're next learning experience will be, now that you are out of day-to-day management, how will you be able to handle the inevitable expense challenges?

I have been educating myself for the last 6 months on Real Estate Investing!

Educate yourself on those, and as long as Cashflow stays positive, appreciation is nothing more than icing on the cake.

There’s no single right answer to every situation, but the more you educate yourself and build your network, the more confident you'll become.Lastly, don’t hesitate to ask questions here, no matter how small they seem.

The city board of adjustment meeting was held today and we presented our case and explained that we made huge investments into the home to remodel and furnish it with the belief that we would be able to operate it as an STR since we had an approved permit.The Board denied my request and did not take any responsibility. 

today probably around 1 mil.

It occurred to me today that I've never asked about umbrella insurance claims.I’m particularly interested in real-world examples where this type of policy came through during:Property damage (fires, storms, floods, etc.)Liability claims involving tenants or third partiesMajor unforeseen eventsIf you’ve ever had to file a claim and your umbrella policy saved your bacon, I’d love to hear:What happened?