Regarding a book, I learned a lot from Location, location, location by Ozzie Jurock and he has quite a bit of free content on YouTube and his website.

The location is key, with easy access to transportation, parks, and the rich cultural heritage of the area.

So, make sure YOU understand the copy & paste info below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I always keep a lockbox at my locations for this purpose.

I was just on their website looking at the permit process:CityofSac-STR PermitLooks like 90 days max until you get a conditional use permit but still reading as it seems a little unclear:A short-term vacation rental may operate from a location that is not the operator's primary residence for a total of 90 days in a calendar year.

But the location location location was a 10.

If it's a good asset(meaning primarily good location), you eat the 5.3% cap no problem you own the physical asset.

( im in Wisconsin ) Hi Sabian,I'm located in Wisconsin as well.

This generally means Sub To, or raising credit card debt capacity through the roof with teaser rates to buy D located BRRRR Properties liabilities   Both of which are terrible propositions for an investor who has limited knowledge and expertise. 

Depending on where exactly the property is located they may have some different rules/laws in place.