By limiting returns on new projects, builders will look elsewhere to make their profits.Just take a look at this chart below showing what happened to the construction of new rental units in Ontario after 1975 when rent control was implemented:The same thing would happen here in Sacramento (and the rest of California).

***You should also consider areas just outside of it too, like Casa Grande for example.You can help us help you by telling us a little more about yourself, your experience level, and what type of real estate investing you're looking to do (fix and flip, buy and hold, etc.)Plus, if you tell us what kind of property you're looking for or what returns you're hoping to get with your strategy, we'll better be able to point you in the right direction.

***You should also consider areas just outside of it too, like Casa Grande for example.You can help us help you by telling us a little more about yourself, your experience level, and what type of real estate investing you're looking to do (fix and flip, buy and hold, etc.)Plus, if you tell us what kind of property you're looking for or what returns you're hoping to get with your strategy, we'll better be able to point you in the right direction.

***You should also consider areas just outside of it too, like Casa Grande for example.You can help us help you by telling us a little more about yourself, your experience level, and what type of real estate investing you're looking to do (fix and flip, buy and hold, etc.)Plus, if you tell us what kind of property you're looking for or what returns you're hoping to get with your strategy, we'll better be able to point you in the right direction.

I assessed the damage and texted the ex-Tenant that from his $1600 deposit I was only returning $200.

The economy is turning around and we are in a better financial place as well as a returning market.  

Return on Equity is always a great barometer to watch and to see if that equity could get better returns leveraged somewhere else, if that person is willing to accept the risk associated with it.

The new buyers were either shifting lots cash from some place else and were not worried about returns vs. asking price,   or are expecting to get around $2K per unit in a seattle suburb.  

Hi @Julie Great to hear about your first project, how is the Perkasie area regarding vacancy and cash on cash returns? 

I assessed the damage and texted the ex-Tenant that from his $1600 deposit I was only returning $200.