I had already joined two other programs that didn't really work out the way I had hoped, so I was pretty skeptical.

If affordable housing is your priority for your strategy going the building rout in California may not be as beneficial as buying something you can rehab.

How did this work out for you @Billy Farley?

They are not quite there for STR, and I would highly suggest giving them a bit more time to work out listing STR.

This is their issue to work out. 

I had always operated in a manner fully compliant with current direction, have clear disclosure, conversations and written defined contracts with buyers detailing exactly what comissions would be and how they'd work out, etc etc. 

In the span of a couple years properties that were selling for $120-150 a unit are now selling for $150-200+ while rents are capped out and even then A.) won't math out and B.) are too expensive for most to afford anyways.i spend a good deal of time underwriting properties to show clients and routinely i'm looking for deals that have been on market for a couple months or longer so i can chop the purchase price by $200k and somehow get the numbers to work.

If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).

The tenant didn't work out, but I at least had some success.

How did this work out for anyone that tried them ?!