Initially when I started my father was pretty anti-real estate investing, lecturing me on how risky it is, etc.

How, if at all, are you changing your strategy next year given the FHA anti flipping restriction is coming back next year?  

Moisture resistant drywall will be used in all wet locationsAll ceramic tile will be installed on 1/2" cement board or a concrete PaintNew Switches, Receptacles, GFCIs and cover plates to codeHardwired smoke detectorsCarbon Monoxide DetectorsBathroom: Install Ceramic tile on walls for tub and floorInstall new pre-hung 6 panel hollow core doorNew Toilet with ring and supplyNew Vanity with faucet, drain and supply linesInstall new light fixtureInstall bath exhaust fanNew medicine cabinetInstall New TubBathroom Accessories (Toilet paper holder, towel bars, etc.)Bedrooms / Living room:Install new pre-hung doorInstall all trim ( Door Casing, Base, Shoe)Install Flooring material (Carpet, Hardwood,Laminate )Install New Light fixtureInstall Closet door (Type to be decided)Kitchen:    Install Ceramic floorInstall New kitchen cabinetsInstall Counter top (Granite/Corian/Laminate)Install New Undermount sink and faucet Install Ceramic backsplash with accentInstall Light fixturesInstall garbage disposal (if applicable)Install Dishwasher (If applicable)Install all trimInstall pre-hung pantry door (If applicable)All material types will be selected by you and installed by us.

I want to preface this by saying I'm not anti-landlord.

I'm not anti-social but social networks are just a bit creepy to me, just me I guess.

If it's worth more than you owe, it's not a short sale and you wouldn't be considered.California is an anti deficiency state and there are laws about borrower contributions to short sales (They can't ask you to pay anything on a short sale.

Typically Toro pop-ups, Orbit timer, basic anti-siphon valves.  

If that property was moved to Plymouth, it would be in the high $600K range and taxes would be about $12,000 vs the $3,490 in China.With the incredibly anti-landlord regulations in Massachusetts, I'd never consider owning rentals in Mass. 

Anti-Predatory Lending: Title XIV of the Dodd-Frank Act". 

Would hate to be old person on a fixed budget buying medicine and paying higher rates to support free health care for non citizens.Etc etc.