I'm getting the application process started with our city to obtain a license to do short-term rentals.With this being - said we're thinking that it might be time to get an accountant to support us during tax season as we enter this new venture. 

The downturn is coming and in process.

@Michael Kellogg you're probably doing everything right, it's very tough to cash flow right now on a vanilla LTR. 

Looking for some advice regarding starting the eviction process in the Bay Area.

I'm trying to understand the process of transferring the Section 8 Designation once I close. 

Generally speaking if the entitlement process is by-right, meaning the permitting can be completed based on the in-place base municipality zoning, the approvals add less value than a situation where the land might be zoned  let's say for an autobody use and the developer obtained variances to build dense multi-family building.

Really it needs to be enough such that when you have that problem tenant, who puts you through a month's long eviction process AND an expensive unit turn or CapEx problem (or several that hit all at once) that you are able to cash flow it without having to impact your lifestyle, other investments, or otherwise be forced to make a hard choice. 

If you have any questions about areas or the process, happy to help!

If you're in grad school, have a new born, and my guess is that your wife is or will be in some sort of school or certification process, it's also ok to press pause and not take on another project.

I am pretty sure most lenders would not go through the process of a a full pre-approval if they know you are shopping them.