I talked to numerous California investors in real life and phone/Zoom calls who have lost money in far away OOS markets, mostly Midwest markets (e.g. repairs, capital expenses, bad tenants, properties vandalized while under renovation, evicted tenant stole all the appliances, property managers with high fees or overcharging for repairs).

CA also deems you doing business in CA if you are general member of the LLC.

Most of the posts are read and respond to are from people looking to buy their first investment property, usually California investors.

I'm building three ADUs currently in CA and looking at investing out of state, possibly in Macon, when I'm done with this project.

I've acted as a "deal warning person" to many new California and a few NYC investors who I've talked to in person, Zoom, and phone calls who want to buy the Midwest or South because the price points are lower.  

Just look at what they are doing in CA they are ripping vines out left and right.. younger folks dont drink wine like us boomers. 

Investment Info:

Other commercial investment investment in San Diego.

Purchase price: $1,900,000

Cash invested: $750,000

12 bedroom, 12 1/2 bath, home built in 1905 that was previously a rooming/boar...

Originally posted by @Chris McIntosh:@Mary Lopez I helped a California buyer purchase a 70-unit multifamily in Columbus, OH last year so it can be done. 

Like i got a recip to Mississippi for my CA / OR Brokers licenses and it was a whopping 13 question test I never figured out how they came up with thirteen questions its was almost like for me taking a drivers license test took me 5 minutes..

Here is a list of what adding ADUs, especially in single family zoned areas,  in my CA market is typically a poor RE investment:1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.