I think it's a great way to enjoy the benefits of your investments without triggering a big tax bill.

Hey Paul, congrats on pulling the trigger on your first property.I'm also in CA (on the central coast) and invest out-of-state (Detroit).

If you have a mortgage on the property and transfer it to an LLC (the LLC would be a different owner) it could trigger a due-on-sale clause.

I signed up for a mastermind class that teaches you how to invest in STRs and pulled the trigger on a 2BD/1BA house in Pittsburgh, PA to operate as an STR.

A great property manager ensures compliance with all relevant regulations, which helps to mitigate risk for the property owner.5.

Transfer of Leases and Tenant Information•Review the existing leases to ensure compliance with local laws and assess any terms that may need to be adjusted.

So please please please consult one before pulling the trigger.

Investor Consequences: Complex Compliance: Investors may face more legal complexities and compliance requirements with rent control, leading to higher legal or administrative costs.

If they don't you should have an attorney send a demand letter (these usually aren't too expensive, especially if you write the draft and then the attorney edits it to make sure its in compliance and something they are willing to send, as some let you do). 

Very helpful and all responses have triggered additional questions for my tax guy.