We have a development coming up for approval with the county adding over 100 units bordering our small town and you can bet everyone that lives in our town is upset about it. in the end though, the planning commissions in our area tend to follow the letter of the law so to speak, so if there is nothing in ordinance barring it, they will approve, generally.

As Stuart mentioned, there are several issues that might arise with the property, which could definitely impact your cash flow. 

Pull your tenant-landlord laws for your area and arm yourself with as much education as you can about being a first time landlord. 

A bad manager can quickly turn a promising investment into a headache.Pro-formas look great on paper, but if the property isn’t managed well—poor tenant screening, long vacancies, maintenance issues, or hidden fees—those projected returns can disappear fast.

It wasn’t an issue of “underwriting does review a file until it was complete”.

We've had her for 10 months, she was quiet, kind, when she had an issue with the apartment she would let me know and I would come fix it.

Here are the new rental laws in California for 2024.

Personally, I find BTRs to be more predictable with fewer ongoing maintenance issues, and they tend to attract high-quality tenants.

Foreign income is not the issue as much as the guidelines were changed to that an NPR has be living/working in the US to qualify for agency lending. 

@Eric Huntermark There are two big issues to be a real estate investor.