You can explore the list of California "non-conforming" rules here:https://www.ftb.ca.gov/forms/2022/2022-1001-publication.pdfWhy did CA decide to not conform to (in other words, ignore) so many Federal tax rules?

PM me if you want to jump on a call.

Remember your situation is unique so it's important to consult with a tax advisor or CPA to explore all available options and ensure compliance with tax regulations.Thanks!

Negligible changes called "diminimus" are the easiest, but they are along the lines of 1 foot out of a 50 foot setback.

Hi Saul,Vegas and Phoenix are on the pricier side, so you'll need to put a large down-payment down if you want to cover all your expenses with some cash leftover. 

My approach so far has been using my W-2 income to acquire one rental property per year.

Realistic returns on a project are in the 15-25% range. so if you ran it based on that the numbers are very close.

Hey Dale,So the best way to find some GAP funding is to look for private investors either in your area or that you know that would help.

I find trying to force affordable housing on the private sector just keeps deals from happening so even though these are feel good intentions by the jurisdiction and they get brownie points for them..

That's most likely going to be a C- neighborhood or lower so there could be more perceived scale to BRRRR, but a tougher decision on how to renovate at that price point and possibly harder tenancies.I would get to real estate investor meetups in your area.