According to those sources, it is not a southern CA specific issue.  

Were you looking to acquire more homes for that specific property? 

It's best to consult a tax advisor to confirm if your setup allows for cross-property PAL usage in your specific case.

Specifically one that specializes in investor-focused lending.

well. lower tax's generally helps RE and business as a whole. will have to see if they come up with something specific like the cost seg rules that are redy to sunset.

A nice looking finished basement will go south real quick with moisture and your tenant will soon be displeased (rightfully so) about the nice basement they initially thought they had.See what the market is doing, but also consider what your specific property factors are. 

Renovation Considerations: Before starting a renovation project, look at similar homes in your neighborhood to get a better understanding of the repairs needed to compete in your specific market.

Whether connecting you with an STR-specific CPA or guiding you through the process of trying to self-manage an Airbnb/VRBO, Host Del Casa is here to help you achieve your goals and navigate the road ahead.

Instead of fixating on a strict 1%, 2%, or 0.7% rule, think of it as a flexible guideline that needs to adapt to the market and specific property characteristics.

However, there are specific requirements that you and the property need to meet to make this a viable option.  ...