Hello, we decided to sell our short term rental property in Sacramento area. what will be pros and cons of selling without a realtor? 

@Kristen L GarnerWould it be possible to get a personal loan to purchase a short term rental?

If you've never built, I would never build anything as it will take 3x as long, cost 3x as much, and violate 3x as many city ordinances.

It does not show any license form for long term rentals.

As a starter, I recommend reading “Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties”(if you still haven't). 

The REI cost is ONLY the cash they put in, as long as they have positive CF. 

That individual now wants out of the year long lease.

(Loan to Cost) Can you find a private guy to lend you high LTV for short term?

Do you emphasize long-term holding of property or quick-turn buying/selling?

However, I discovered that Anaheim isn't allowing new short-term rentals and that the strict regulations in California make arbitrage nearly impossible.I then came across the assignment of contracts strategy and thought it could be a good way to generate income.