<<<Noted also is the License from the State and extra deposit money, but not to exceed the regulatory limit (in Calif that's 2x rents).

Getting a new bank over the regulatory hump and started may be another option if you really have the stomach for that!

ADUs are mostly good for the additional cashflow they provide but from a regulatory point of view are not there yet.  

Don't.Retirement is not something you want to play with, it is realistically too little to be a hard money lender setting aside the regulatory baggage that comes with that. 

I think the regulatory, job market, costs, etc are all too different from what is primarily a US or Canada based website.

https://www.richardhornsby.com/crimes/regulatory/unlicensed-practice-of-real-estate.htmlBrokering without a license is a 3rd degree felony.

Again, speak to an RE attorney in your state who has investigated the issue and let them lead you.Actually the ONLY one to listen to is the state regulator I asked this question in Oregon and here is my answerHello Jay,Thank you for getting back to me.

I’ve heard the regulatory process alone means it will be at least 3 months before I’ll be able to get tenants in there.

@Mark Reitman thanks for confirming, that lines up to what I read in the ordinance doc.I would say I did a lot of research/reading, but this specific regulatory piece of information was something I had to stumble across.Makes me wonder how many owners (with <5-unit properties) are unknowingly STR'ing their properties

With the continuing regulatory jungle of California, I'm looking to other commercial RE asset classes, in California, that are the next best transition for value-add investments.