Apparently, because rates increased here so astronomically in the last 2 years, the insurance industry believes their numbers are correct with the risk.If you have the correct coverage @Marc Shin, you should be covered (although you should also have budgeted or baked-in costs for minor issues/damage).

There are a lot of ways to crash and burn, so increasing the odds of succeeding long term should be your highest priority. you can always sell your local assets once you're comfortable managing rentals and ready for a market that better-suits your criteria. btw, kudos for being self-aware of your limitations.

So if prop 33 passes it will be possible to cap rent increases from one tenant to the next.A recipe for blight.  

You can likely do this with your savings rate (that will likely increase) and age. 

At annual rent increases, I do scour Zillow for market rents in the area, which I share with my tenants.

Think of vehicles like the cyber truck where you need to sign up ahead of time to pre-order and so many people want it that the value increases shortly after they are released.

We have a property management company in New Jersey where we make some of our best clients hundreds of thousands of dollars between helping them force appreciation, increase cash flow, finding them deals etc.

The shorter the prepayment term has an impact on increasing the rate.4.

After you've completed some updates & have reviews start to increase your rate.Feel free to reach out anytime if you have questions :)

As other people have mentioned, does it increase risk of being rent controlled down the road?