Quote from @Bill B.: I agree with that advice.

b) How do they (Cali Govt) deal with the damage, both in terms of who gets the blame and also where do they get the money?

I have no interest in Golden Visas or the likes.

I can also allow a tenant to grow with me - just moved a family from a two bedroom to a three bedroom apartment.Personally the only reasons I would choose to invest in multiple markets is a) because I wanted an excuse to go somewhere regularly or b) for economic/geographic diversity.I had the advantage that my home market was good.

If you use it as several down payments and use leverage you could be off to the races with many more Class B or C units that will still cash flow for you.

Long story short, the only ways to get more than 80% out of an investment property in an LLC are A) a private lender dumb/crazy enough to do this, or B) sell it.

If you're looking for turnkey, you'll be leaning towards at least B neighborhoods, if not A, is that accurate?

I've 100% focused on Adaptive Reuse of Class B Industrial Space. 

Fellow investor and realtor in the B/CS area.

Quote from @Bill B.: You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1  Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.