IMHO the only thing left is value-adding which like you all said, is indeed a challenge given the demand/supply ratio.

Demand for both affordable housing and investment properties has pushed property values much further past rental rate increases. 

A lot of business are popping up around the Arden/Exposition area of Sacramento so the surrounding areas are seeing a price increase to reflect the demand.

There is a good amount, but not enough to meet demand...lower price points continue to move quickly and has seen steady price increases YOY.Also worth noting, Rentals are in high demand, keeping pressure on entry level prices.

I guess my hesitation is a few things:I feel like the house is a great candidate for a rental (math aside for right now) based on location, high demand and low supply of rental homes in the area, etc.

SFH demand the highest per-unit price and large MFR see the efficiencies of scale necessary.

You might have 8 months of collecting "profit" and then have one bad incident that demands all of that "profit" and drives you a couple thousand more into the red.On a property that's generating a healthy $500-$700+ profit a month, I'd either be driving it back into the property to fix any immediate cap ex threats or saving half for a future investment, and half for padding the emergency bank account

I have a demanding full time job, so I really won’t have much extra time to work for a broker, even if part time. 

We get a few inquiries about furnished apartments-traveling nurses for example; but it just is not a consistent enough demand to cater to the 'furnished' market. 

Can you imagine walking into a car dealership and "demanding" they sell you the car for a 17% discount?