If I did own mutli family rental property in L.A , I'd  be looking into how it could be redeveloped and getting out of the rental business in L.A too much uncertainty and anti business/landlord mentality with the current regime in L.A and CA.Oakland for example wants to put an additional tax on landlords , who knows if that great idea will be coming to L.A soon.

However, Portland has declined substantially in terms of homelessness taking over every neighborhood, trash piles everywhere, increased crime, looting & drug use, graffiti everywhere you look & the tenant laws are very anti-landlord.

(This may sound crazy to the anti MLS-ers) the deals that I was able to find on the MLS were better buys than the off-market properties. 

I'm anti-CFK. 

Don't use cheap faucets or door handlesSemi-gloss or satin paintsAvoid wood products on exterior (paver stones, trex decks), but if you don't, then use Grout and tile is caulked/sealed1 piece tub surrounds reduce maintenancecounter surfaces are solid and unbroken anti-freeze spigotslow maintenance landscapingInstall low flow water fixtures (toilets, faucets, cap off external stain wooden floors dark instead of covering with carpetsound-proof between units in MFUs in decrease turnover (possibly with dark carpets)quality deadbolt with key, quality handle without (prevents lockouts and makes lock changes easy)remove everything that can be clogged, hung on, broken, or injure a tenant (window blinds, ceiling fans, light fixtures with key chains, wall sconces, towel racks, glass doors, dishwashers, garbage disposals, gas stoves)

I had no idea anyone would read this as an anti HW post in any way.

It should get you close to 2k mo in rent as well...but in MUCH more landlord friendly environment.Put a HELOC on it then you have a decent war chest if property values drop or you come across more deals.CA has become to anti landlord for it to make sense to me at least, but fantastic for primary for the foreseeable future.Happy to go over numbers if you want and share my experience in Kansas City MO...

So this is not an anti-airbnb post.

He is just anti-debt.

I sincerely hope it works out for those investors, but I have two concerns.If you have followed the topic over the last 10 years you have noticed that we are facing an increasing anti-landlord sentiment calling for more legislation.