Colin pls don’t fall into the fear factor the bottom line is that it’s never a bad time to invest in real estate so long as you are doing due diligence on them. A points about rising taxes and rent control ; yes the city has and is considering raising taxes on property worth more than 250k. Yes the city is exploring the idea of rent control.
Here’s some facts. If you are considering rental property investing, you should be focused on property classes that are exclusive to cashflow, class C and D. These so-called tough area residential properties usually fall below the 250k property value assessment and aren’t on the table for a tax increase. Even if they were your purchase price will be low enough to absorb and increase and still cashflow. Simply consider it as another part of your business costs.
About rent control. If you are investing in class C and D neighborhoods, your likely renter is going to be on Section 8, not a free market renter. A good percentage Section 8 rents are paid directly to your bank account. Sometimes,The other portion can come from the tenant directly . I don’t want this to be a discussion on types or stereotypes of renters. The main point is to get away from the noise of issues that keep you away from investing and take action. Hope this helps.