An LLC will give you the 20% tax break that was introduced with last year's legislation (there are restrictions / limits).

This ever growing margin of safety between net operating and come and debt service, also known as the debt service coverage ratio, provides a wonderful buffer in uncertain times.

Mountain or lake cabins are pretty safe from legislation, because these structures were built for temporary vacation use.

It's just a proposed bill at this point, and while it may or may not become law (at least in current form), I think that it is a good indicator of where Sacramento is going towards in terms of tenant protections related to COVID-19.http://leginfo.legislature.ca....According to the legislative summary, the bill:-"Prohibits a landlord from applying a security deposit or monthly rental payment for the satisfaction of an obligation other than the prospective month’s rent if the obligation accrued  between the date a state of emergency relating to the COVID-19 pandemic was declared and either April 1, 2021, or 90 days after termination of the state of emergency, whichever is earlier (hereafter “effective time period”), unless the payment or security is specifically designated by the tenant for the obligation." 

This is done by the legislative committees which I believe get filtered or biased information some times.

I've been pretty forgiving about much of the new legislation concerning housing, but it looks like it's going to get worse.

Your customers do not care about Fereral or State legislation, legal mumbo jumbo or whether they are customers or clients.

You also have the banks with very deep pockets to be able to bribe politicians into passing legislation on other agencies while protecting the actual criminals.

While we are waiting for Willard to find the legislative language let me explain what I have given every single appraiser who has EVER appraised a property I owned regardless of whether it was a refinance, a sale or just for the internal partners.

So it might take longer for your rent growth to get to a neutral position especially with all of the legislation they are trying to pass there that is in favor of residential tenants.I do not know much about CA but have lot's of clients who have big gains and 1031 exchange into commercial passive NNN assets and they tell me lots of things going on in the markets.