The first guest that I mentioned went through the full eviction process and left before being removed by the sheriff.Since I’m telling stories here, I’ll also tell you that I am one of the rare hosts who has successfully evicted a short term rental guest as well.

And make sure to plan for the additional depreciation as well!

Make sure they are "investor friendly" and well connected in the neighborhood.

My strategy incorporates asset protection measures like LLCs, specific trusts as well as professional property management to spread risk and ensure quality operations.As well as using tax codes to my benfiitSection 179, IRC Section 162, Cost Segregation and Bonus Depreciation and later 1031 them out for larger projects. 

Quote from @Eric Huntermark: Additionally, as I'm thinking about conventional loan products as well.

If you want to look at total expenses over the years, you need to look at total income received as well with your potential sale price. 

On the disclosure form, the seller had indicated “no” to any known damages.

I know a lot of investors have done very well in Peirce County but I just haven't learned or know enough about that market to make an investment there.Washington state properties are expensive and can be difficult to make breakeven let alone cash flow at this moment due to the combination of high prices and interest rates. 

Any areas in Sacramento that worked particularly well (or didn’t)?

But ya have to make some educated prognostications in life.Add this to the information your processing - What your talking about doing is eliminating around $4000 or interest expense (which is deductible anyway so really could be a real impact of eliminating $2800 or so) of debt in exchange for paying over $10K in capital gains tax (don't forget possible state gains tax as well).