Downside includes rent control and all the other government intervention of City of Angeles. 

Real Estate property improvements are governed under local laws.

But right now I am having issues with them in general and the idea of yet another governing body telling me what I can do with my house is not inline with my values and they don't seem to enforce the rules that I was hoping they would enforce which is why I bought here in the first place.

But between transaction costs, taxes, etc. it seems nearly half the proceeds go to the government or the realtors.

Also what form must these visiting students have from the government to confirm they are here legally? 

Which in turn caused governments across the world to have to provide that funding.RE investors got shafted because as the country went into recession, people couldn't make rents, landlords could not make their mortgage payments.Here's the thing you will disagree with me about - everyone blames bankers, everyone calls their behavior criminal, yet what was so virtuous about re investors and individuals putting in what Jay calls Liar Loans?

It’s important to understand that when we say affordable housing, we aren’t just talking about government-subsidized housing—although that’s an important part of the picture—we are speaking to the larger need for housing availability for people at all levels of income.

I personally will not rent to welfare tenants for many reasons not the least of which being the government has deemed them "untouchable" in regards to collections.The absolute best scenario in Ontario for a investor to operate a rent by room situation is for the owner to live in and share the facilities with other tenants.

I know my question is governed by state/local regs, but is this a common requirement?  

http://www.breitbart.com/big-government/2015/04/25...Here are some pictures and an article.