In the meantime I look forward to engaging on the forums and participating in local meetups!

Presents a huge due diligence challenge to buy and sell as a group.

I enjoy the challenge and reward of  being my own boss and am planning to do just that with real estate. 

This should explain the challenges forthcoming....https://www.biggerpockets.com/topics/596656We represent many landlords within the City and County of LA, and all of Southern California for that matter, if this passes I know 90% of our clients are going to sell and move their equity to a more favorable city or state including myself.

This creates two challenges for me:1) I'd like to do moderate to significant renovations on the units, and my business partner plans on owner-occupying one of the units, so we would need to permanently vacate one or, depending on the property, even all of the units. 2) In order to make the numbers work I'd need to dramatically increase rents (by several hundred dollars/month) to bring them up to market levels. 

If you wanted to get really freaky, you could try to come up with an equation dictating the outdoor temperature at which the furnace kicks in based on the ratio of natural gas prices to electricity prices, taking into consideration the variation in efficiency of the heat pump relative to temperatures(but that would be pretty challenging!

But me thinks the renter mentality would find this challenging to even comprehend in many rental dominated markets.. but in high end markets Like NYC or SF or LA or WA DC  were rents are say 3k and above maybe this works..  

If the borrower stops paying their insurance you can put forced insurance in place and back charge them for it until they get their insurance back in place.I don't see why you couldn't request other collateral though it might thin your pool of potential borrowers and you might run into other legal challenges if they're putting up a residential home as additional collateral.

So some of the challenges I faced on this property1.

I would absolutely engage a property manager.