Then in 2020 it turned out cashflow wasn’t guaranteed, the government could burn your cashflow to the ground and you could lose everything.

Furthermore, California has a very anti-landlord and anti-real estate investor government that can cause you all sorts of other problems as well. 

I have found some information that might be helpful John.There are government backed programs like Fannie Mae Homestyle Renovation Loan and Freddie Mac Home Possible Renovation Loan, in addition to the FHA 203k loan. 

The local/ state etc (governing body) may not just "give you" one.

Moreover, local governments may offer new incentives to developers to keep interest alive during this pause, such as tax abatements or infrastructure investments.ConclusionWhile the BlueOval City delay has caused uncertainty, it hasn’t changed the long-term outlook for the region’s real estate.

Like any state or federal government, something happens and they swing way to far in the other direction,I applied for licensing in california and they will not accept federal fingerprints.

Something to watch if you are mindful of the government being over-involved in nearly every single LLC registration.

This is because most of the financing comes from government programs and they, of course, prefer to keep as much investing as possible within the country.  

Have also done work in DC and Maryland and would say Virginia has significant benefits over DC and Maryland because it is more business friendly and jurisdictions are willing to work with not against developers on projects I mentioned as well as you mentioned With the federal government and government contractors not going away - area is great for investment.

Ultimately you can only hold it down so far and the government will eventually get their money.