In Cali just renting can be a competitive sport.

Unless you have a unique way of generating a higher return and can attract investor capital or are investing your own self-directed IRA and buying in cash (most current buyers/hence long horizon), it's going to be tough for you. 

Also having a few anchors in a city help for stability (e.g. capital cities, sports teams, highly reputable colleges / universities).Please add us to your buyers list. 

Since you don't want to create the same list as everyone else, maybe look into creating unique mail pieces as well so you stand out from your competition.  

Check out the group page to RSVP.I'm going to have lots of local investors present their unique investment strategies and we'll tour local projects. 

However, I realized that my situation is quite unique.

So far my POL investment (Tinley Park Sports Complex) has been performing as expected, but soon after doing that one (and a fix-and-flip on PeerStreet), it became clear that I would need a *lot* of capital to effecitvely diversify away the risk of any non-performing loans (it's not apples-to-apples, but this analysis from LendingRobot on diversification needed for P2P notes is helpful.)

Welcom to Bigger Pockets and to the sport of real estate investing.  

Can you please share some unique advantages you able to receive...Like...Leasing / Buying CarVacation write off MealsBusiness partiesetc...

If the long-term tenants are moving there could have been some unique arrangement between them and the old owner that they know is unlikely to continue.I know a lot of investors avoid inherited tenants whenever possible but I think it can work in the right situation.