Pomona recently implemented emergency rent control.

(The idea being the insurance company doesn’t want you to walk off with $30k and leave the roof not repaired, so they put controls in place to prevent that). 

Hemlane offers property management through our innovative model where we send 100% of the rent to you so that you can control and approve expenditures as well as have full transparency into the day-to-day so you always know what's going on and can make key decisions. 

Stay informed about zoning, rent control, and property taxes for profitability.God luck!

Frank , I don't know the details but I am closing a DSCR Monday 7.25%  885K loan shop around I don't like to change lenders but it is a numbers game.I/O for my buy and hold I love I/O,  you are in control of the monthly payment.

When we started I was a CFO or Controller working 50 to 70 hours per week.  

Want checkbook control, debit card and the support.

I mean they have so much control.

If you desire to keep the property after three years of moving out, you can sell it to your controlled corp, and you will still be qualified for the $500,000 gain exclusion.

There is nightmarish areas of St Paul where you will have the strictest rent control in the nation and struggle to get rent's to make it worth while.