The legislature must provide, by law, for: (1) interest on the delinquent taxes and other impositions not to exceed 1% per month on a non-compounding basis; (2) a penalty not to exceed 5% of the delinquent taxes and other impositions; (3) a period of time during which the lien cannot be enforced; (4) a procedure for claiming the excess proceeds from the sale of the property as a result of the enforcement of the lien; and (5) the authority of the tax collector to waive penalties for good cause.

However, I discovered that Anaheim isn't allowing new short-term rentals and that the strict regulations in California make arbitrage nearly impossible.I then came across the assignment of contracts strategy and thought it could be a good way to generate income.

First, by having the best structure and procedures to avoid disaster.  

We do have a legitimate difference of opinion on the rules and regulations that govern Spark's activities.

I'd love your insights on which cities you think are ideal for multi-family properties, especially in states with landlord-friendly regulations.

Regulation and permit or license-ability will be critical.

If you want to move back into the home, there should be a set of procedures for you to follow. 

---So, ask about their standard operating procedures and make sure your management contract has an easy termination clause.What are your options if you experience one of the above?

This post is for informational purposes only and for context as rules a regulations are always subject to change...and do.

Or at least a rules and regulations section that goes over this.