On the other hand, many of my multifamily investors are running from California because of the pro-tenant laws, especially those new ones taking effect this June of 2024. 

I run the Westbank Real Estate Investors which meets on the 2nd Thursday of each month in Gretna.

Running humidifiers inside or water leaks are very often the cause. 

I’m a new investor with 1 door and was recently cautioned about purchasing multi-family properties because investors are dumping them, especially 5+ doors, in anticipation of a Market correction. 

Run the numbers with what you would be paying rent elsewhere and once you move out to see the cashflow.

Also, are you using a general contractor to run your flips or doing them yourself?

People need places to live and as long as people aren't moving out of the area in large numbers, run the numbers and see if they work for you. 

I would 100% run these questions through your RE Attorney, but if you're looking to be best protected I would venture to say one property per trust/LLC (however your RE Attorney might suggest this is overkill).

I'm wondering if someone can point me in the direction of a podcast or blog post about using an LLC to run your rental properties. 

These kinds of deals can be hard to find after the recent run up of prices.