So SB1033 is a new CA bill that was passed to allow you to condo out your units which creates separate APNs.

In California at least, that's a case of hidden profits and a major violation with the Bureau of Real Estate.

We want to apply the same strategy to deals in California. 

California, to my pleasant surprise passed a new law that went into effect January 1 that allows property owners to file a Letter of Agency with local law enforcement which notifies them that the property is vacant.

I am a newbie investor from the Bay Area, CA who currently has one SFH in Indianapolis that is being rented out.

I may be selling a property in California and cashing out of some equity in which I want to put on my next investment property.

(CA did this and some people were not able to get rent for 2 years) -If you don't have an adequate reserve then big expenses like HVAC, roofs, etc can really hurt.FINAL THOUGHTS-Make sure not to overleverage-Keep a large enough cash reserve so that when things happen that require money that you don't make bad decisions because you are desperate.

If you are in California-look up your local laws. 

I'm a licensed real estate broker in the Philippines, and I will be moving to California next year.

@Taylor Chiu  I currently work in the healthcare field and did home health for a while and saw patients in numerous ALF's in SFR here in california.