I was thinking this might work on my property in Redding and can be adapted to a shared housing project for seniors (though I'd want rooms large enough for bed, bath and seating area)  It's my understanding that it is considered a SFR with seperated bedrooms as far as planning.

Deciding whether to sell or keep renting really depends on your long-term goals.

Figure out a question set that helps dive into their expertise as investor-friendly agents, ask about their experience in the investment real estate space, and have them send you a few properties that could meet your goals to show that they can provide quality properties for your to analyze (hint: this is also good to see if they overpromised on their market [ex - Raleigh for cash flow]).Also with the new lawsuit, any agent that knows what they're doing will require you to sign an agency agreement prior to viewing a home.

There are short-term rental management companies that can help with that.One that I work with in Michigan covers the entire state and can advise on local short-term rental regulations or regulations that may be on the way, they can give you an analysis of the demand for short-term rentals in that area, nightly rates in that area, monthly occupancy percentage, and projected monthly income.They also let you choose the level of service you would like from them from full service to minimal.To your success!

If I had not been, then I would have a lot of projects only half completed and a lot of investors very angry with me. 

But at least you're getting a wash instead of getting screwed.As my colleagues said, Form 3115 is not a DIY project.

My goal would be to start within 1-2 years and get some more experience with the construction process, project management, financing/budgeting, etc.

My recommendation would be to iron out what you're looking for as an investment goal.

First thing I notice is the big jump in ARV from the Total Project Costs.

Looking to net 4 figures a month in cash flow with this unit - the goal is to close 7 more by the end of the year - let's see how it goes.