I. tend to help a lot of CA investors here.

CA OR NV AZ WA etc.also this being an investment property I think a work out with the lender is whats in order.

I work with a lot of California investors who chose to invest OOS. 

I just finished their taxes with their CPA and I can say from first hand knowledge that real estate is the most effective way for immigrants to obtain the American dream.My parents immigrated to California in their 20's from Asia with no money, and could not speak English.

I was going to go rehab it for Short Term myself, but I am in CA and my situation will not allow.

Background and Current SituationI currently own a home in Clovis, CA with $472k owed on a $487k mortgage.

Beyond that, you're on your own unless you take the initiative to have someone help you and perhaps split the Assignments fee 50/50.As someone who has been in RE now 50 years as a licensed CA Broker an inactive mortgage banker  And have been a back room Vendor for some of the top trainers in the US.Anyone can take the course RE is not that complicated at the level you folks are working at.

I’m in CA and know people who only invest out of state. 

A unique project in South Los Angeles is transforming real estate development in California.

Assembly Bill 1771, also known as the California Housing Speculation Act, aims to change real estate tax policy to discourage investors from quickly reselling properties like single-family homes.Under the proposed bill, an additional 25% tax would be imposed on the gain from the sale of a qualified asset (including homes) within three years of the previous sale.The tax reduction is dependent on the number of years passed since the initial purchase of the qualified asset, ranging from a 20% reduction for sales occurring between 3.01 to 4 years to a 100% reduction for sales occurring more than seven years after the initial purchase.The revenues generated by this tax increase would be deposited into the Speculation Recapture Community Reinvestment Fund, which aims to support affordable housing, local governments, schools, and infrastructure projects.The bill is introduced by Assembly Member Ward, and the proposed tax changes would take effect from January 1, 2023.Assembly Member Ward argues that short-term investors in the market, including fix and flip investors, contribute to rising housing prices, limiting opportunities for Californians to purchase homes.While the bill may discourage short-term speculative transactions, it is worth noting that California's tax laws still provide certain advantages for investors, including unlimited tax write-offs and depreciation benefits.The bill is subject to legislative approval, and Assembly Member Ward will speak publicly about the bill at the San Diego County Administration Center on a specified date.Please note that this is a simplified summary of the bill and its potential impact on fix and flip investors.