With fees doubling and competition heating up, you might want to rethink this investment.

So, scope out the competition on #1 & #2 above to understand what the rental or sale market expects.- You will lose money if you go overboard!

It's usually better to earn $200 less a month for one year than to sit vacant for two months, particularly in the winter.Consider a bigger drop for a 6-month lease to get through winter, then increase rent or find a new renter in the spring when competition is hotter.

The market here in town is very competitive right now.

However, be prepared for limited inventory, higher competition, and possible compromises.

The industrial buy and hold buyers have virtually dried up in San Diego.  

If the laws are still concerning to you, then buy a commercial property, like an office or industrial property, in your area. 

The competition is fierce but I think you can still find great deals.

@Ryan Cousins It is a very competitive market especially in those neighborhoods. 

Networking is huge, so connect with others in the industry, and look for mentorship programs (there are some great ones out there).