My guess is Oakland will add more restrictions, so you should prepare yourself as best you can if you want to maintain your building's value in the shorter term. 

But the owner has 12 months (or shorter if the bank finds the owners abandon the property) try to sell it to cover what they owed.

Hey BP Community.I have been in the RE game for around 5 years and it's going really well.I own 5 properties that equal 9 units now that I rent out furnished and usually shorter term (1-4 months).I manage the places myself and charge pretty high rents since its shorter term and furnished.I pay for all utilities, and wifi etc. 

Most lenders don't lend under $50k, and ones that I've found where I'm located typically have higher rates or shorter terms.  6% for 15 years, for example.- Tom

Tessa Malmgren Since HELOCs are variable rate (prime rate + X%), they are best used in shorter term deals.Either way, go lock up that HELOC!

Its a solid proven strategy to get from one rental to many over a shorter time.

The recipient of a qualified demand request has seven days by federal law or shorter, if any state law is shorter, to return the demand to the requestor.If funds are insufficient, they won't be accepted and will be returned to the sender (Assuming funds are sent).

As the days get shorter and the weather gets steadily colder, homeowners across the country will see their power bills increase dramatically.

But there are many circumstances where a shorter (or longer) hold period are appropriate.

There are some drawbacks to this (ie shorter terms & higher rates); however there can also be an upside when it comes to qualifying for the loan.