This is huge.Secondly, I would check with the Real Estate Settlement Procedures Act ("RESPA") and HUD's implementing regulations regarding the state this practice is still accepted. verran

I mean doing this full time and if I'm not out networking, looking at properties, or finding leads, then I'm reading books with new ideas and new strategies to try and implement.

I really don't want someone trying to implement something that I said, they are just considersations.

You can buy in many markets and do well (rent and value-wise), if you buy right and/or implement an appropriate strategy - even in CA. 

The concept of the BRRRR method makes so much sense - but all I keep reading about and hearing is how difficult it is to implement the BRRRR Method in today's market.

I would recommend you still use QuickBooks desktop which it sounds like you already use but implement a few changes to take full advantage of it.

When trying to implement these large increases in rent controlled and tenant-friendly environments, it is incredibly important to dot your i's and cross your t's. 

The mortgage note itself is a form of asset protection.Have you implemented and exhausted all the other risk mitigation procedures necessary and available to you?

Silver lining in all of this is that you bought correctly, so even though all of this happened you are still walking away with a profit and now you are more focused on the real estate strategy you want to implement moving forward.

I plan to implement a lot of this when I get to talking with realtors.