I'd recommend talking to a mortgage broker who is licensed in your state. 

The optimal plan of action is determined by your personal objectives, level of risk tolerance, and state of the market.Good luck!

Specifically, Iowa City and Des Moines.

@Sara Holda Here's a great link to the city that outlines a lot of the laws regarding STR in the Nashville area: https://www.nashville.gov/depa... 

I am seriously considering taking $150k of it and buying 3 new builds $50k down as rentals in somewhere like a Houston TX subburb, Wichita Falls TX, Oklahoma City OK, or Kansas City, MO.

however for one living in CA I do like Vegas personally ( I have invested there) as I have invested in over 20 states.. what I like about Vegas is the age of the homes you would buy at 500 to 1 mil.. no really nasty weather that adds to differed maintenance..

Take a look at mid-size markets in landlord friendly states. 

I am looking out of state. 

But there is no visible building on Google Maps, and Xome.com states 0 square feet for the structure.Big red flag: I got it for 16%, the maximum interest rate in an interest rate bid down state.

Hey Juan if you're open to out-of-state investing I would look into Cleveland.