@Harry Maxtens  That's great to hear there are no zoning restrictions for changing it to monthly housing. 

And BTW - a 2nd home loan criteria usually will not restrict you from having an investment intent. 

Try to get them to see it from your side; you are a reasonable person and would like people to have the quiet enjoyment of their home and thus have tried hard to avoid having many restrictive "house rules", but your intention in renting to them was for them to use this single family residence in a typical way.An imperfect analogy:When Hertz or Avis rents you a car, sure you have "use of it for X days" - but they are not expecting you to enter a race with it at Watkins Glen, or use it to transport 150 bags of potting soil, stacked into every space in the trunk, back seat, passenger's seat, and roof. 

There are no restrictions as to the rent I can charge when I first rent the property, right?

CRM, email campaign, etc.) 4. accountability systems (i.e. regular meetings, tracking numbers, etc.)Counting on my fellow BP members to add anything I may have left out...Best of luck to you moving forward!

California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

There may be restrictions on what you can use a security deposit for.

@Lux BaiGet into Fix n Flip business, buy cheap repair and then sell, no restriction on buying cheap properties with the type of money you have.

Also be careful about HOA restrictions.

I first thought a SDIRA was the correct choice, but the more I read about them, the more restrictive they seem.