Additionally, given that your LLC is based in Georgia but you reside in California, you may face multi-state tax filing requirements, making compliance more complex.

Your primary strategy should be to have the Contractor and all Subcontractors add you to their insurance policy as Additional Insured. 

million in addition to their investors (who expect a reasonable rate of return) by keeping the rental rates at a fraction of the market rate?

However, just because I don't agree with it doesn't mean I am in favor of the Government being given additional power to enforce additional laws and restrictions that infringe upon our freedom.

Your post neither provides valuable or additional information nor did you post direct questions like the rest of us do.    

In addition, condos tend to not appreciate as fast in value compared to single-family or multi-family homes. 

Best to call city hall for the town you are buying in to see what if any rent control rules are in place. see link below if you require additional information and call the Jersey City Landlord Tenant relations office. https://www.jerseycitynj.gov/cityhall/HousingAndDevelopment/...Jersey City CPI chart on recommended rent increases: https://cdnsm5-hosted.civiclive.com/UserFiles/Servers/Server...The state with the highest eviction rate in the country right now is South Carolina. 

Let me know if I can provide any additional tips or resources to help.Best regards,Sadler Surratt 

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential.

That is in addition to clauses that require anyone that stays more than 7 nights in 12-months to apply (then it becomes our choice if they are treated as a temporary occupant or tenant) and prohibition of subleasing.