These factors can impact the ability to develop or renovate a property and the tax implications of owning a property.Zoning RegulationsZoning regulations are laws that dictate how land can be used within a particular area.

It definitely needs updating and might have some minor structure issues. 

If it were me, I would sell it and invest in Ohio or another cash-flowing Midwest state with landlord-friendly laws. 

They had issues performing because they didn't underwrite expenses correctly and as a result they ended up carrying alot of debt and losses.

Let’s start a list of issues with the property it self and how we fixed them:1.

@Corey Meyer I have the same issue.

Coupled with the fact that you believe there might be a chance you will need to come back to the Bay Area and that the slight negative cash flow is not an issue for you, you should just hold on to the property.

It could be many other issues as well.

The biggest issue here is property taxes which could almost double a mortgage payment.

With rent control laws in Los Angeles, as I see it, options to increase rents consist of:a) Cash for keys.