@Jay Hinrichs My position is that the government - in OR especially - rent controls, having to pay moving expenses, having to give tenants the right to buy properties... in CA being unable to screen tenants, run credit reports, or check for previous evictions - is a huge threat to our businesses.  

Makes me glad i don't want to build in CA! Be

I am seeing quite a few in South Augusta that would cash flow, but I worry about tenants in that area, and the fact that many houses are older (70's) and could have plumbing issues and older appliances.To piggy back on the topic a little bit, are there any members that have put in the lease an addendum to move out for the Masters Tournament so that the house ca be rented for the week? 

For sure check your state laws.. if you hold your self out as a lender in any Manner in certain states CA being one you need proper licensure... failure to do so can lead to treble damages..

t storm brewing between the haves and have nots in CA.  Being

If not for CA being a totally amazing place to live and enjoying investing in my back yard, I would probably be all in there!

Word of caution, if your starting to look out of state things move a LOT SLOWER than your used to here in CA, be patient and wait for the deals and don't be afraid to be aggressive/walk if the numbers don't work.

CA being worse than TX for landlords, etc.

Need to check with the state.. unsecured debt definitely has Usury rules. and many states do .. you would ADD in the points.. or fee or whatever.. so that rate for 6 months would be 34% apr or there about so one needs to check with your state.also license is not a big deal to a borrower big deal though to lender.. you can have your interest knocked off you can have all sorts of legal problems regardless of sophistication.. one off lending usually has a carve out.. but if you at all hold yourself out as a lender.. you need to be licensed in about 12 states  CA being one of them. 

This is a great strategy for many people in expensive markets like what we have here in Orange County, CA. Be