If you do budget that much, the you will easily hit your profit target.There are currently no restrictions in Lewis county and STRs work there, but there is always discussion on them by the city.

Focus on locations with strong population growth, growing or stable job markets, low operating costs, and no rent control restrictions.

Also, long term, I expect Sac will enact tougher restrictions on STR, given the intense housing crunch we're experience, so I personally don't expect that to a be a good long term strategy.

@Seidy Lasker Wash sale rules apply to stock options if they are deemed "substantially identical" to a security sold at a loss within 30 days, such as options with similar expiration dates or strike prices.

One thing I continue to think about is how valuable 2-4 unit properties are becoming, and will continue to be, since Fannie/Freddie took the income restrictions from the 5% down conventional loan option for house hackers. 

Make sure to have clear rules in place.

A lot of them have restrictions that state that the down payment has to be cash.

I didnt realize there were so many restrictions in Oceanside/Carlsbad.  

Both allow for renovation and the Homestyle is less restrictive than the 203. 

My bank tends to have more restrictions than others, but this hopefully helps as you shop around.