Lastly, the barrier to being a successful landlord is getting slightly more difficult (still not wildly difficult) year over year due to tenant friendly legislation being passed.

Federal ProtectionsFederal protections against predatory lending begin with a veritable alphabet soup of legislation, including TILA, HOEPA and RESPA.13. https://www.lexology.com/library/detail.aspx?

Our top return property is far better than our average return property.I do not get to make the rules (and there are many rules/regulations that I do not like), but the rules have not prevented me from making good profits in CA real estate.According to the California legislative analyst's office, California suffered a net out migration of 1 million people between 2007 and 2018.

Just stretching my legs with a little bit of biggerpockets therapy during these uncertain times!

I've been there and felt the same but  IMO it is a churade because you cant count on anything with the legislation that's in place in NY and esp. down state. 

I was wondering if anyone here other than me was even aware of this new legislation and if anyone was working on anything like this.

Its still uncertain as to how well BAM will handle the current environment with higher interest rates and slowdown in rent growth. 

As a result, I’m uncertain if any of the properties have illegal additions or modifications.

Interestingly I don’t see any legislation or legal action against REAL wholesaling, which is purchasing a property at a wholesale price and immediately selling it a a retail or higher than wholesale price.  

But, when 1 party has a clean sweep that means a lot of legislation gets passed, and that spokes the markets.