@Timothy HeroI don’t agree with your sentiments and I do work with families who rented my properties and client of Choice of Housing (formerly 8 Section).

I second the sentiments above and would add this:  if it has been operated as a rental for a long time and has not undergone an open-market sale or a substantial renovation during the previous decade(s) then you'll almost certainly be looking at some monster CapEx and repairs in the next decade. 

Greatly agree with other sentiments that your PM is playing it safe / lazy. 

I wonder if there may be some loophole that'll allow a person to prove that as an experienced flipper who did the math that it wasn't speculation.Also an increase in rent control kinda stinks but I understand the sentiment behind wanting to control how much people pay for housing.

From an investment standpoint, I view the share price, like any other publicly traded equity, as mostly influenced by investor sentiment. 

Of course, you can't expect all sellers to share this sentiment, but some will.

I echo Rhett’s sentiments that we’re in for a bumpy ride either way.

Next week, we’ll have a better reading on how consumers fared in February alongside fresh readings on the California housing market and California Housing Sentiment.

This sentiment might hold water if it weren’t impacting other countries.

As for capital raising, it is coming up on more of my calls, but general sentiment seems to be that changing long term goals over a 3-6 month slow down is short sighted.