There is a move in the Ways and Means Committee and another that has already passed with the majority of both Democrats an Republicans.

@Calvin T.He’s likely making a minimal AM fee, I’m sure 100bps on committee equity and I’d guess he’s just banking on the carry/promote when the asset sells.

Expect this to spread throughout the state like wildfire, multiple other municipalities already have drafted similar bills and are just waiting to put it to a vote, and there was already a state-wide bill drafted in 2019 that is still in committee, this is highly likely to become statewide law no later than 2022.  

Originally posted by @Danny Grey:OP, are you aware of SB330 and SB50 working their way through the California state senate and key committees now?

By the time their loan committee can approve a loan the deal may be lost to another investor.

Isn't there a committee?

The SenateJudiciary Committee’s comment on the proposed 90-day notice provisionexplained the purpose of the increased notice period as follows: “Proponents assertthat the current requirement of 30 days notice is insufficient time for a Section 8tenant to find replacement income and housing when the property [owner] decidesto no longer accept Section 8 housing vouchers, thereby forcing the tenant tomove.

Anything passing Fannie Mae's cash flow positive test using [ Rent * 75% - PITI ] will also be incredibly easy to get financed, assuming your credit / income / assets / retirement are otherwise in good order, and an above average lender.Condos, or anything with an HOA, is somewhat risky because your landlord duties/responsibilities/rights are in part shared with a democratically elected committee of busy bodies.

there is a movement in MO to unite all landlords - right now the new group MO REIA or MO Landlords (not formally named yet) has a group on Facebook and on Meetup, just to collect all interested parties together.The hope is to change MO legislation for the better.Right now the person who is the move and shaker on this initiative is Steve Vogel and he is filling committee positions to get the group started and functioning.

I have to plug it because I am on the organizing committee but I got involved because it was such amazing idea - this will be our 4th year.Did you learn to ski in Santa Fe?