Just as there are no requirements to use a short term rental license agreement there are also no requirements to not use them.If you are talking str where the STR is illegal then I agree.

Something else to consider is your current financial position as construction/renovations requires capital. 

This strategy requires a solid financial buffer to handle the negative cash flow and any unexpected expenses.

Sacramento metro offers a really nice balance between cashflow opportunity and consistent appreciation (due to the fact that it is a State Capitol, two major universities, and one of the fastest growing cities in the country every year for a decade+)I personally only invest my capital here in Sacramento, although I do business in a number of cities.

The building will be 4 stories tall about 12k square and will require an elevator.

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

I respect her viewpoints and always take her into consideration, balancing the amount of chaos a move would cause.

@Taylor DavilaGiven your situation as a professional athlete with uncertain future locations, a traditional house hacking strategy might indeed be challenging due to the requirement of making the property your primary residence for a certain period.Considering your liquidity and interest in getting started, a fix and flip could be a viable option.

I have a requirement of 25.  

If your plan allows - you may be able to take a loan FROM your 401k; the loan is limited to 50% of the balance, or $50, whichever is less, and must be repaid over a period of 5 years.