Hey BiggerPockets Community,If you're a real estate investor or developer eyeing opportunities in Los Angeles, SB-9 (the California HOME Act) could be a game-changer for your strategy.

This community is awesome.

Hi @Lance Christensen Welcome to the Bigger Pockets community!  

If they do, your best bet is a local community bank that funds these types of properties.Another option is a private lender but that money will be pretty expensive, as mentioned 10%  + 

Quote from @Marc Zak: Hello BP community,I currently own two LTRs (one in MS and one in CA), and will hopefully soon own one STR (CA).

Quote from @Casey Wilson: Hi there, I was wondering if any Detroit-metro experts from the PB community could offer advice on what areas in the Detroit-metro area might be worth exploring for rental properties (ranging from single family homes to 5+ unit apartment complexes).

Welcome to the community—it’s great to have you here!

Self managed HOAs are usually undercapitalized so you want to take a thorough review of the condition of the community to make sure there isn’t deferred maintenance because you might get hit with a special assessment if the board isn’t setting aside cash for those capital improvements.At face value, taking into consideration my typical financial objectives, I wouldn’t do this deal unless it was a much lower price.

I know in Columbus a lot of community banks are doing loans on 2-20 units.

Let's cut to the chase:  "A tenant is obligated to follow HOA rules, as they are considered residents of the community and must abide by the same restrictions as homeowners, even though they do not own the property; the landlord is responsible for ensuring their tenants understand and comply with the HOA rules.