Probably depends why you’re switching.

While it does present an issue in the summer months, doing a short term rental or Air B/B may be a possibility for the summer depending on the area. 

HMLs can do a % down of the ARV and finance your rehab too depending.Refinancing usually has a 6 or 12 month seasoning period depending on your local credit union/bank and usually they require 1 year lease.Lenders- if you are going conventional, and have properties in your target market that would finance (ie no roofs that need to be repaired or major mold issues) then just start talking to local lenders and see what their requirements are. 

That may help depending on the seller.As for the deal itself, I kind of agree with @Jeff Kehl.

I’d say it depends on your ideal persona to rent to.

Of course, COCR would be way higher than CAP but again it depends on % down payment and interest rate etc.Good for you, if you are able to do that in Bay Area.

A lot depends on your goals and what you need to accomplish with the property.

My budget is up to $280,000, depending on what the property can be rented for.Thanks!

Unlike 99% of all Loan Originators who are 100% dependent on realtor referrals, I'm able to share info on topics that all LOs will agree when talking among other LOs, but are terrified to agree in front of realtors.   

That all depends on if the rent will fully cover mortgage, tax, insurance, 5% of rental income for repairs, another 5% for CAPEX, another 5% for vacancies, and another 10% for PM services (even if you self-manage).