I have located a property for sale in the Blue Hills area of KC that I would like to BRRRR. 

@Joe Matthews there are no limitations in California, but reach out to @Violet Rose who is a broker in your area and can answer your question.Good Investing...

My team is also considering using Blue Sky, can you share a little about your experience?

@William Brown  their is cheerleading and what I call Blue Sky... like posted above I wanted to own 5,000 SFR's I made it to 350 before I cried uncle..

LOL... now maybe when the politicos can't get their bottle of Silver Oak or Screaming Eagle they will take note.. but Trump does not abide so he does not care LOL.When I grew up in Cupertino as kids we cut apricots picked cherries etc etc.in Oregon folks my age used to pick berries  Blue  Bosyn black you name it.now get a 16 YO off his smart phone or computer game and put him or her out in the fields..

If I understand the law and my training correctly, I cannot discuss or directly provide any information on economic class, such as white collar, blue collar, or high unemployment, with prospective buyers, even if those buyers are investors or otherwise specifically ask for that information.

And at the end of the day, my portfolio LTV is about 50%, which is quite safe in a blue chip market. 

@Zana Blue Snarks need not apply ;-)  I'm more interested in ideas like you provided. 

Steering investors away from condos due to the fact that the Board could change their rental policy out of the blue is something I have seen pretty regularly on BP.  

However, most of my managers must have a good knowledge and understanding of all things blue collar that goes on because they likely will be involved in overseeing the blue collar aspects.