California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

The concept here is to get to the point where your tenants pay for your housing expenses, which should give you some excess income to save and invest.These initial steps could get you to a point where you have a few doors and maybe even have your tenants covering your own housing expenses.Think carefully about selling, it seems counter-productive if you want to be an investor.

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We are building Hydrogen Fueling stations in CA and we lease land from the gas station owners. 

. - I hear your concern about a potential excess of new housing;  I used to share it as well. 

There is a lot of building going on and prices are quite high so I am not sure there will be excess appreciation.

Ask to see where the fire and fuel breaks are to protect that area. 

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(edited)This will affect investors with separate metering for little used units or devices like pumps or EV charging.... even if you have excess solar generation or whatever the bill charges will still apply. 

Conduct a thorough inspection to assess the true condition of the property.High Vacancy Rates: Excessive vacancies can signal underlying issues such as poor management, undesirable location, or an oversaturated market.