Has anyone ever purchased a deal where a municipality owns the land and the improvements and rents it to the tenant to sublease?

So we are not buying as much anymore, but still growing. 

As your equity grows, you start losing money. 

If it’s in California they will chase you for state income tax if you ever sell your new property, even if you exchange out of state. 

Plus, the city’s been growing steadily, so there’s room for appreciation too.

I've heard at least some of this before, but I'm paranoid and don't necessarily take the best notes of what I bought etc, so the physical receipt is a nice tangible record if I ever need to justify an expense. 

Oil prices remain a huge X factor, and housing prices (at least with respect to rents) are being held back by the most supply EVER being built and coming online here in 2024.

While cohosting is my initial step, my goal is to transition into a full-service hospitality management company as the business grows.

They can separate themselves from traditional real estate investors by building a robust EIN Corporate Credit ("Ever-Increasing") investment infrastructure that allows for faster portfolio expansion and more sophisticated financial maneuvering.

You can check out their thoughts on how to approach seller financing here: Making Your Primary Residence the BEST Investment Ever (Better BRRRR!)