@Anthony Janke - I moved to Topeka 13 mos ago from Wichita - Id investigate heavily into something you could airbnb - Topeka IMO is way overpriced for what you get. 

I rescued a company that drank the sub too lease option kool aid in Oregon..they did about 40 of them.. 

Manufactured Housing Dealer licenseEach state is different but being that California is California and is know as one of the most heavily restricted states not to mention so left wing tenant friendly states, it wouldn't surprise me in the least if there is all kinds of regulation against what your trying to do.

Sure, it could transform an area and due to cost push low-income people out but I don't think that is very likely.There has been a lot of steam on this, it can work well in certain situations (been sitting on heavily appreciated stocks and want to diversify into RE) but these are primarily low-income areas and the holding periods are long. 

Selling to a related party is not scrutinized as heavily. 

In heavily gentrifying areas, rent growth can be exponential for many years.

I have a high interest in nailing this one as we have made decisions with the confidence in the Des Moines macro picture being solid.Here's a few observations in speaking to your question:I used to volunteer very heavily for an organization that would re-settle refugees, from all around the world. 

I would reiterate a couple of them.For a new listing, I discount heavily for the first couple of months to get traction and reviews. 

I own a few STRs in the Nashville market and my wife and I are heavily involved in the STR property management side as well. 

Can anyone say what weighs more heavily on decision making for purchasing a rental property?