Did you get any updates on rent control?

There are a lot of things you can learn here to help avoid pitfalls, lost and lost money. 

I may have lost all my money and my car, but I can hang my head high knowing that I did it.I completed two flips 2,000 miles away without any prior experience.After every dark night, a brighter day appears.

I lost probably over 10K in this 4 month nightmare with these clowns! 

@Earl White rent control and relocation costs equals NOT landlord friendly in my opinion.

I'd like to speak to the it's the owner not the dog, it's a bit like the gun control issue.

You've just lost $500 there so your income is $250.  

Also, in a mainstream asset class like value-added multifamily, I see no reason to take a risk on a sponsor that doesn't have full real estate cycle experience or that lost anything more than a small amount of money (and prefer no money lost).

It means instead of having one or a few things that you have NO control of what so ever, you now have several things you have NO control of what so ever.

There are a couple of things I like about them but one of my favorite things is that it allow me to control if I will allow partial payments or not.