Active?

The process is very involved as you'll have to navigate pre-construction activities that involve architectural plans and approval from the city and then the construction activities (Shovel to soil) take anywhere from 5-9 months depending on how much your building. 

That way you know they are active in the BP community!

What actions and/or credentials make a landlord an active property manager to deem rental income/loss active in CA?

Our clients are very active in buying pre-foreclosures.

Calling the appraiser to see what you can do to push it up a "C-Level" would be smart before doing any reno also, might only need a few things to make it far more valuable in the eyes of the bank.I've heard of a tactic for figuring out demand, which is to put up a dummy or coming soon listing on facebook marketplace and see the amount of activity you get on it. 

@Grayson Chao look up WAREI on Facebook as that is a big active group of local investors and a number of meetups get advertised there. 

However, these activities should not cause concern for them.

For example, if you are an active investor you can still find deals but they may not have quite as high of returns as we had become accustomed to in the previous years on average.

Here in TN brokerages regularly hold EM deposits; I have a dedicated account for such deposits myself, by law, even though I don't actively broker RE but just maintain my brokerage for the PM side of things.