Here's some info to share with your local politicians and State assembly:Contacting Califronia state assemblyman:http://findyourrep.legislature.ca.gov/You should also look up your local city council members and contact them.Almost every Urban Planning and economist organization agrees that rent controls hurt local governments/cities:This is really an issue with the city.

I'm wondering what options are out there for financing to foreigners - I am Canadian, my husband is British (and Canadian permanent resident).

The Metro Council has deferred the third and final vote on BL2017-608 until July - hopefully all the lobbying efforts currently in progress will result in some sort of a reasonable compromise.

Yes, we are simple folk - unlike our british cousins whose soccer chants last a full 90 minutes, we have stuggled to top the OI, OI, OI for the last 20 years!

But the land we bought for our neighborhood development has been a gigantic learning curve regarding what the city council, architectural review board, department of environmental management, and other agencies will require you to comply with.

Since it doesn't reflect current zoning, you may be able to go before a historical committee/city council governing body to have it removed - and if not, to court where a judge can rule on the intent and usefulness of the restriction.  

This would hedge your cashflow risks as well.Alternatively, buy there, live there, and lobby to get it changed/run for city council.

I'm not expecting to receive legal council here, just other investors experience from similar situations.

The returns are limited, the penalties for a mistake can be severe, and the legal council needed is expensive.The way people profit in this area is the purchase of notes at a large discount to mortgage balance.

I was on the Board of Directors of the Ozarks Literacy Council, Chairman of Community Hosuing Assistance and Development, active with the Red Cross, American Cancer Society, on and on....make friends!