Small towns have more limited options on house availability, and if you land in a town with a single powerhouse buyer you can find yourself picking up the leftovers. one of the big benifits is that same ability to control the market, I get sellers who call direct knowing i have a house in their area.

California Prohibit State Limitations on Local Rent Control Initiative (2024).

This mansion was formerly a formal Bed and Breakfast. it has the legitimate hotel fire protection devices and systems such as stairway lighting, pull down alarms and a full commerciall alarm system which are a bouns $40-50 k system not found in other places.

It has a lot more risk associated with it in which you have no control of and can turn a good purchase into a terrible one.

Overall, a nice place to live, unless you're in one of the bad areas, but rents seem outrageously high and city council adopted the state's rent control law - limits rent increases to 5% per annum. 

While you can’t completely control who applies to live in your properties, you most definitely can find areas that are popular with students, young professionals, families, etc. 4) just as important as finding the property, you need to have an exit strategy in mind for the property.

Jackie In general, condos are often seen as a better investment option compared to co-ops because with a condo, you own your specific unit and can have more control over its value and potential for appreciation.

.- (more and more municipalities are adding anti-STR regulations- you are competing against so many other people who want to jump on the bandwagon- you have no real control or authority on the properties you manage- you will be held accountable by the real owner and by the renters - but no deep pockets to handle issuesSeems like a niche that is being squeezed out. 

I eventually want to be in control of my day... 

It comes down to the numbers.The concern with condos is you don't have control over the HOA dues or the exterior maintenance.