-Property management is 0 for first year since mngt is covering that, but you would want to increase it to 8% for year 2. 

Appreciation and Growth: Sacramento has seen around an estimated 256% growth in terms of median household value, with large developments planned and in progress in suburbs such as Roseville, Elk Grove, and Folsom.My team and I at Hardin Realty & Property Management specialize in helping investors in the greater Sacramento area.

I've raised millions of dollars of capital and built a $16M portfolio without ever having to do a complicated syndication.3.) 

After 5 years dabbling in STR's, BRRRR's, and flips, I'm ready to focus on one area and asset class, scale up, and build a portfolio that I can eventually retire on.

Make sure you've looked into all of the financing alternatives that are out there and that you know exactly how much each will cost.Especially if you intend to rent out individual rooms, create a comprehensive management strategy for the property.

What would a  good sized operation(flip/wholesale/LO/ OF)  compensate for sales or Acq Manager position?  

You also need to consider the effort and time required to manage a short-term rental compared to a long term. 

Investing out-of-state can be even more risky if you do not have experience successfully underwriting, buying, and managing rentals.

Hey Austin, totally can relate with you being from an expensive real estate market - I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

Let the tenants know going forward all communication should go through your attorney.The other option is to get a property manager involved as well, but at this point i would go right to an attorney.