There are programs out there that can use newly appraised value at month 3 or even week 1 as long as rehab has been done.

Based on what I've learned through my research so far I would not buy a CA property just for Airbnb, unless if it's somewhere where I could potentially use it for a long term tenant if things were to change.. but this is a little different. 

Now, I have a portfolio of Short Term Rentals and Long Term Rentals.

Not buying/selling for others like an agent would do.Think more like get a rental or two or a short term rental to get those hours.

Since it already cash flows, that could ease that burden for you.For funds, I'm not sure what your existing rate and terms are but you could always try a cash out refinance to fund the next property.

How long did it take and is there anything I should prepare for? 

Or, buying a Duplex and renting one side out then renting the other rooms out in the side I would live in.I have spoken with two lenders and both have given me pre-approval letters for up to 270k purchase price, with 15k down payment, conventional fixed rate loan, 30 year term.

The money needs to be kept in a 1031 account until you find a replacement property.Holding money in a treasury direct account is good for short-term.

Hi community,I'm planning to house hack in Richmond or Fredericksburg/Spotsylvania and am considering renting by the room using short-term, mid-term, or long-term strategies.

This may feel expensive right now but in the long run you will be glad you did.