Hi everyone,I’m reaching out to see if anyone has experience dealing with local regulations that seem to overstep property ownership rights.

Because most bank financing requires personal guarantees, something strictly prohibited by the IRS in Internal Revenue Code Section 4975, therefore precluding you from using leverage.

Make sure you’re approachable and responsive to tenant concerns to foster a good landlord-tenant relationship.Legal and Compliance Issues: Familiarize yourself with local landlord-tenant laws and ensure that you’re compliant with all regulations.

I know regulations change almost by the quarter so what is true now is probably different last year. 

Be sure to check local regulations regarding short-term rentals as well.

They are zoning and land use regulations, accessibility, environmental factors, market analysis, topography and terrain, utilities and services, neighbourhood characteristics, restrictions and opportunities, development feasibility, financial analysis etcetera.

Short term regulations are becoming more and more restrictive here so we are looking to purchase outside LA County and invest in Riverside, Ventura and/or San Diego county.

Lender options vary by state due to state regulations- these type of programs are available in many states. 

They passed new loan regulations where I only need to put 3% down on owner occupied 2-4 units, which is where I plan to start.I do have skills.  

Additionally, be aware of any specific requirements or regulations related to accepting vouchers in your area.