If you're well qualified conventional financing is also an option with 5%+ down.

I am a BP follower and a real estate investor as well.  

Well maybe you can't? 

I'm hoping to have my Mom relocate there as well since SF seems to have a great community for retirees.

I just want to be able to rent my property out and have the option to enjoy it as a vacation home as well.

You did so well in Detroit you got out of Detroit!

Well I did it 15 times so I guess I would but I'm getting older and more tired these days, and property is more expensive, so I'm less inclined these days.

In this episode it talks about rental arbitraging many units in apartments and then being awarded government contracts where you house a large amount of government employees  and the government pays you well over market rent.

Working with a knowledgeable mortgage lender and real estate agent who understands the local market and available programs can also be invaluable in guiding you through the homebuying process.

Have not had a 'issue' selling in the past five years..I would say the additional development cost of an extra bedroom/bathroom are probably well worth it in the long run..Good luck.