I live in Southern Oregon currently and what little inventory we have here is massively overinflated.

I assisted Signal Hill PD on a massive shootout in that Home Depot Parking Lot during the late 1990's.

My employees wash their vehicles and muddy equipment every day and they put a massive amount of rocks, nuts and bolts, wood and all sorts of debris into the pump and it never failed one time.Since my pump handles both rain water and the water my employees use to wash their equipment every day I installed a specially made system with electronic valves that makes the water they wash their equipment go into a sediment and filter box and then into the city sewer system and when it rains the electronic valves have a sensor that detects water coming from the roof drain downspouts and valves switch to make the water from the parking lot go into the street.

This may take months at best to get them out.3) In the long run, economist has done studies that shows rent controlled markets show massive increase in rents. 

Sounds like you're ok with massively overpaying for a property. 

In Franklinton there are plenty of large projects going on that will bring massive growth to the west side of Columbus, such as the Peninsula Development, which is a multiphase project that will erect a 24 story apartment complex featuring a grocery store, a multi use office space building, and a new hotel featuring a two-story Pins Mechanical venue.

You can't find 2% anywhere on long term rent but to get that in CA with CA appreciation is massive.

Guesty for Hosts $21/mo  - time saver, guest automation cross platform, direct bookingRing Cameras $20 /mo  - indispensablePrice Labs $35/mo   just started this a few months ago, everyone is like A+++, jury is still out for meHostfully Guidebooks  $20/mo  improved guest experience and email collectorREIHub  $23/mo    just started this year, another time saverZapier  $20/mo     massive time saver as this automates RA and does record keepingSignNow  $16/mo  Peace of mind and meeting insurance obligationsTotal = $155/mo or $1860/yrTo me for what these services provides, the $155/mo is less than half of a an average 1 night booking.  

As a GC, able to perform all the work myself, I saw massive value add potential with this property.

So if your payments total $20k to them for the year that would be their gain for the year and it keeps them at a much lower tax bracket instead of having a massive gain all at once.