Then, speak with an architect, commercial lender and a General contractor because you need to get an idea of the cost to build the new structure (price per Sq/ft) and determine your soft costs and hard cost.

In the short term, I am a bit bullish on the house prices in the Bay Area mainly because, of the low interest rates (easy money) have been driving the demand and this will most probably be the case for the next couple of years and mainly will drive prices up for the lower to mid level homes, the more affluent homes may see a bit of softness mainly because a good chunk of folks who usually buy those houses are tech and they are probably considering moving out of the bay area.

No need to keep an eye on supplies, deal with clogged toilets, replace dirty towels and broken dishes, answer (sometimes) dumb questions, manage check-ins and arrange cleanings.

I haven't talked to Wells Fargo about buying points to lower the rate but the upfront fees/costs are way higher compared to NASB.

This place can take you from noobie to well educated in no time.

When you get one, you need to be very soft and comforting in your approach. 

Things like toilet paper, soap, paper towels, shampoo, other amenities if you choose to stock them.

They are essentially betting on you as an individual will not only follow through with your word to execute this business plan, but also that there won't be another pandemic shutting down the economy, a soft landing for a coming recession, real wage growth to grow with increasing rents, no additional restrictions on landlords to remove nonpaying tenants, AND that the real estate market will keep humming along as it has been, increasing in value each year.

At the end of the day you should have at least 20% down, maybe even more with the changing environment, and you should find a capital partner (private money) to front the down payment, and even soft costs for your loan, and offer them in exchange equity or profit participation. 

In Sacramento, there were a lot of foreclosures, but I'm not sure how soft the bottom end was as I was less active there.