We encourage you to familiarize yourself with this new California law and seek legal counsel for further guidance.

The evolving landscape underscores the importance of adaptability and resilience in safeguarding interests and capitalizing on emerging opportunities in an ever-changing market environment.Berkshire 2024: Highlights and Takeaways from OmahaThis year, I took another annual pilgrimage to Omaha for the Berkshire Hathaway shareholder's meeting while taking in tons of knowledge from fellow investors during events hosted by the CFA Society of Nebraska, Gabelli Funds, Aquamarine’s ValueX, Tegus and, of course, the main event – hearing Warren Buffett speak again.Naturally, Charlie Munger was greatly missed.During the first question, Warren accidentally referred to Greg Abel as "Charlie" when passing on a question.

Unless you're 100% sure that he can, I wouldn't encourage him, which you're doing.

Obed, Ray, Adita,Thank you all for the warm welcome and encouragement.

I strongly encourage you to consider a variety of asset types while you build up the capital to enter non-owner-occupant investing.  

@Vinay M.Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder, etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

So you asked for legal advice on this forum and was encouraged to contact an attorney.Then, you were not getting the advice you wanted from the attorney, correct?

-----But if you have your own addendum referenced above, here are few others you could add to the list you made:Annual Maintenance Encourage tenants to perform or arrange for annual maintenance checks on their AC units to ensure optimal performance and safety throughout the season.Contact Information for Approved VendorsProvide a list of approved vendors or technicians whom tenants can contact for professional installation, maintenance, or repair of their AC units.Emergency ProceduresInclude information on what tenants should do in case of an AC unit malfunction that may threaten the safety or structural integrity of the property, such as water leaks or electrical issues.

Hi Danielle,I want to encourage you not to let others past failures dictate your decisions.

If there are tax benefits, that certainly helps and can add to the wealth building by freeing up more cash for more income-producing stuff.My opinion, of course, but I try to encourage my investors to be wealth-forward rather than tax-forward.