But does it apply to real estate investing?

I currently own 1 rental home in California and one in Indiana so I believe , if Prop 15 passes, it would not apply to me. 

@Rhett Tullis  That's exactly my question right now... we wouldn't be evicting for non-payment, so in theory, the moratorium wouldn't apply. 

We are doing a rehab on a single family home in Angelino Heights and need plans drafted before applying for permits with the city.

I know that in order for me to apply for another loan I'll have to take into account the loan for the Oregon property.

So for example if you purchase a property from a homeowner their property taxes will have been lower than yours once the homestead credit no longer applies to the property.  

From what he says, all rentals will now have to apply and pay for a license and pay for an inspection every two years as well to make sure it meets their requirements.

I am just getting started and applied for my first pre-approval.

Applying consistent, professional tenant screening and being strict about your lease will prevent > 90% of problems, and buying in an area where good tenants want to live will massively help you quickly find qualified tenants. 

If you are filing eviction because of unlawful holdover - which is what this sounds like - the CDC doesn't apply.