Anaheim, Garden Grove, Fullerton, Disneyland Rental

[Cort Green]

I live out in the Palm Springs area but my wife and I both grew up in Orange County. We're wanting to purchase a 2nd home out there near Disneyland. We'd like to rent it out as a short term vacation rental when we're not using it. 

I need some input from Real Estate agents and investors in that area of Orange County as to what areas to look at, restrictions on short term rentals, etc. I also need a good deal, whether its a foreclosure, short sale, pre-forclosure, etc. I'm probably looking for something in the $500,000 range. 

Any input would be appreciated. Thank you.