I think this legislative session may make that advice all the more commonplace.

For me, the headache, expense and legislative issues that STRs carried was not worth the added income.

I'm just uncertain about how to run the calculators since I already own the property and didn't buy it with either of these in mind on such a short timeline.

You are needlessly giving ammo to legislators in our semi-socialist jurisdictions to contort to argue their cause.

@Joe Villeneuve that is a good idea, but Im uncertain about running a flip business out of state.

Geopolitical scene uncertain.  

One told me in no uncertain terms that I couldn't find anything for even near my $25,000 budget.

I'm thinking with the economy as uncertain as it now seems to be, maybe this is the time to hold tight and maybe reduce some debt anyway.Or the other option is to stay conforming, go right up to the $484k limit, pay the 1/4 point for cash out, and at least get $34k back out. 

They have legislation preventing using multi-family properties as short-term vacation rentals and they have other regulations about parking, noise levels, etc.

From the "Maxable" website (California legislation):Quick Run DownThe key takeaways?