What if the federal government (if they have to step in) say no, we are not going to allow you to rebuild and instead of using the funds to rebuild use the funds to acquire the land and preserve it?

You want cash from them and value preservation.

If you've already reached that end - ie if $4 million is enough principal to create residual income that you won't outlive - then I don't see any good reason to be buying out-of-town properties that then have to be managed properly to preserve your investment. 

Affordable Housing Incentives -While SB 9 encourages new development, it also includes provisions to protect existing tenants and preserve affordability.

Using your own cash preserves more profit but limits your deal flow.

They're probably just doing this to preserve the issue for appeal.

In general tenants with a credit score worth preserving pay all that is owed.

From what I’ve seen, firms like Exeter 1031 Exchange or Asset Preservation, Inc. have solid reputations for guiding investors through the process efficiently.

For long-term strategies, a cash-out refinance is usually more advantageous, as it preserves ownership and offers fixed terms.To proceed, start with a professional appraisal to confirm the home’s value, compare refinance terms with traditional lenders, and carefully scrutinize shared-equity program terms to ensure they align with your financial goals.

I would like to preserve some cash so I have money to fix up the property I'm looking to buy.For some context, I am looking at a property that has been on the market for a couple of months now and is listed at $325K.