Washington State has already enacted a similar law. 

You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.

These areas might provide higher returns due to lower initial property costs combined with tax savings.Rent Control Laws: Be mindful of local rent control or tenant protection laws, which could limit your ability to adjust rental rates or manage your property effectively.7.

Try searching for older single family houses with a mother-in-law suite or guest house.

Or are the landlord laws simply too draconian in California to warrant the risk? 

That’s how crazy some of the laws are

You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.

I am definitely focused on 1 month or more rentals, I love the mid rental approach, aiming at people waiting to buy home, people in the city for work, so in that regard it definitely makes the HOA laws more flexible.

You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.

(Airbnb laws are a total patchwork city-to-city here in Colorado.)