So if the landlord only owns one four-plex, or two duplexes, or a single and triplex, and the landlord is a natural person (not a corporation or partnership), or the landlord is an LLC in which all members are natural persons (no corporate or partnership members in the LLC), the landlord can still require two month’s rent as security deposit.So for those CA investors who invest in properties with four rentals or less, and place each rental property into its own LLC, and the LLC members are all natural persons, those investors can continue to require two month’s rent as security deposit.

So. it’s not uncommon to request proof of rent depositsvia bank statements and corporate/LLC tax returns.

I found this chart with cap rate averages across the nation.

We decided in 2014 to open a new fund and take it national with offering of interests to investors in all 50 states as well as investing in mortgage loans nationwide.  

(https://www.usatoday.com/story/news/nation/2024/05/16/is-a-t...)... 

They actually have contracts with corporate clients and so your pool of prospective renters are higher.

I did auctions for a part of my 10 year career when I thought flipping homes or doing condo conversions were the way to go. then I got into ground up construction and national construction and ground up is the way to go.

Typically these will have some amenities like a pool, lake or are near a national park, etc and will attract people for longer stays 3-7 days.

Affordability must be addressed before transaction volumes can normalize.Average 30-yr mortgage rates (Mortgage News Daily)MBS Highway Housing Survey for July 2024The MBS Highway National Housing Index dropped 9 points in July 2024 to 44, as buyer activity levels fell across the nation.

I have this discussion frequently with my Corporate clients that always seem to borrow a little from the corp and never pay it back.