diversification and cash flowSan Jose, CA has been very appreciation heavy... and i'm not opposed to keeping some property here, though the multi-family / commercial real estate has very low cap rates, and low growth from what i'm seeing.

Does anyone know of a group or angel investors who would invest up to 5M to fund a luxury 6 room micro resort in central coast wine country in California? 

Hi, Jorge - My MTRs are in California, too, and we have exceptionally high bills in the summer time especially for AC usage.

Quote from @Joseph Gozlan: No, California laws kill California malls...Here in the Dallas metro, retail is thriving!

In CA, would it be harder to get them kicked out using the police department? 

But your not going to have LA Brokers trolling residents of Columbus Ohio to buy 700 to 1 mil dollar SFRs for rental purposes.. when in fact many CA residents do buy those and rent them.

I provide acquisitions all around CA, WA NC & GA Primarily, but still Look to contract everywhere else.

If you live in CA investing in Alabama, OH, or TX might not make sense.

Both California and Texas have pros and cons.

typically no special license is needed when doing it for hard money loans that I am aware of. there may be states like california and nevada that are tricky where lenders need a license of some sort but for most part brokers i have seen are not licensed. 14 or 15 states require state license and NMLS registration.