Converting Rental to Home California

[Will Quinn]

We are looking at purchasing a home and renting it out in an area that we want to live in eventually in the Tahoe area. We have a good apartment in socal in an area close to wife’s parents and looking to have children soon so want to stay close vs moving now. What are some of the considerations or pitfalls to this strategy where we would start renting a single family residence out, then convert to our primary residence after ~5 years. Looking at long term renting vs short term airbnb.