Stack, a fact which should come as little surprise :) An eventual future bill now seems likely to prohibit conversions in Union City alone. 

I don't want to be surprised though as I go to buy additional properties just to have them say that I'm taking on too much debt even though my income can support it so long as I continue taking in rental income.  

I'm surprised there's not more legal guard rails in place for these types of deals given the large amount of $$ involved.Curious when a non accredited investor is let into an investment that states it's open to accredited investors only, how does that make sense? 

If the numbers don't work with it then don't force it and don't rush it.Always ask for full or partial owner financing the answer will sometimes surprise you.We just bought a property with 5k down and owner financing the rest at zero percent.

The large coastal California cities were ranked very high in appreciation (not surprising) but also were ranked very high for their cash flow (this could surprise some who do not recognize the coupling of appreciation and cash flow).Initial cash flow has a poor correlation to actual cash flow over a long hold.

So I would be surprised if the HOA cant prove publishing error if this gets reversed or how the county superviors can over turn a sale for dollars owed to the state.

I was surprised at that. 

Surprise!

Yes, but that's our whole business model, so it's not terribly surprising to us. :)You're in the right forum to learn about MTRs.

The more properties we walk through, the better we get at spotting potential issues before they become surprises.