"Limited supply due to tough zoning and restrictive permitting process, high construction costs, and expensive dirt, and population increases (guess AI hasn't gotten the memo that population has actually decreased)". 

The entire fiasco will create a media circus and a go-fund-me campaign for the poor couple damaged by this stupid law.

Many people still make money in CA even with the restrictive laws and many people lose money in "landlord friendly" state with cheap properties.

What I'm not sure about is STR restrictions in this area but that's easy enough to find out.

There are no restrictions on foreign property ownership in Portugal and transaction costs are generally low.Portugal will grant a 5-year residency permit to non-EU citizens through Real estate investment (the program is called Golden Visas, look it up).

We do not restrict buyers from conducting their own diligence.3) Upon receipt of the inspection report the buyer can ask the seller to make repairs or reduce the price.

Unless there's access restrictions and access is required for an appraisal or lender inspection, there's no reason why a buyer can't use financing even if the property is advertised as cash only.

A tidy profit, plus confidence to tackle the next project solo.On the topic of self-directed IRAs: While they’re fantastic for gaining experience and diversifying into real estate over time, they can feel restrictive if your main goal is scaling quickly.Here’s what I’d focus on:Using Equity Wisely: A HELOC or cash-out refinance could unlock funds to pursue a flip or duplex without touching your 401(k).Partnering Smartly: Your realtor friend sounds like a great resource.

Many have restrictions... even for long-term rentals!

At this point, it's worth taking pennies on the dollar so I can close a self-directed IRA.Take all their updates with the all mighty pinch of salt and as an e-mail campaign to raise money for the lawyers they have hired.