We hope that legislation can go even further to help ADUs start to gain traction in California.

California Apartment Association “ CAA” calls for action : a Bill to repeal the "Costa-Hawkins Rental Housing Act" (Costa-hawkins Rental Housing Act) has been scheduled for the first hearing in the state legislature, to repeal a landmark legislation to protect owners from radical rent controls.

I still think you will be well served to try the DIY route yourself for a bit, but bear in mind that legislation changes, and if you managed the property, you take on all the risks associated with it.

California Legislative AlertNow Rent control is being expanded and could affect Condominiums, Single Family Houses, newere buildings in each city!

Left and right economists area 95% in agreement that it leads to 1. less housing as people take their rentals off market 2. ultimately less affordability 3. messed up tax and entitlement systemThey're voting on it this week in california to expand rent control to condos, single family houses, and new builds (which were banned before) Costa hawkins AB 1905 tell your local assembly member to vote no...for California Assembly info go to this california .gov sitehttp://findyourrep.legislature.ca.gov/ CALL BEFORE JAN 9Call before this Tuesday the 9th because they're voting on this HUGE impactful Rent control legislation for all cities in California.This is actually bigger and more impactful to landlords and property owners than the Trump tax reform if you live in California.This is by Buildium https://www.buildium.com/blog/ab-1506-threatens-re...

It is important note that the legislative process really was only the beginning here.

I currently own a house in East Nashville that cash flows well as a STRP, but Davidson county just passed legislation to phase out all residentially zoned, non-owner occupied STRPs.

@Dave Houser you might have better luck seeing if they are willing to let you assume their mortgage, also know as acquiring the property “subject to” the existing financing staying in place.We do a lot of lease options as sellers but we don’t offer any monthly credits because of the Dodd Frank legislation that prohibits us from creating mortgages (or anything that looks like it could be a mortgage) since we are not mortgage brokers. 

But I have not heard of any changes in PA legislation to address this.

With all the positive news coming out from around the country regarding how companies are responding to the freshly passed tax legislation I can’t help but think about how it is proving the claims made by the Fair Tax about their proposed tax plan and proving its naysayers wrong.