Prop 10 will cause property owners to take rental units off the market in favor of vacation listing services like AirBnB, which means more AirBnBs in our communities and less affordable housing for renters – further driving up housing costs.

@Leo Don That's a good point about the closing costs and PMI, I was hoping to have enough equity to cash out refi with the renovations that I completed.

It’s a system that doesnt favor the public.

I too was initially thinking about just leaving it, but re-considered doing it upfront to bring up the rents and add equity for a refinance in the near future.  

We are a spectacular sweat equity team and we are ready to 1.

If you put that equity into your new house you could pay off the loan faster or have a much lower monthly housing expense, and you can take out a Heloc to invest with.

I have roughly 100k sitting in different spots, Edward Jones, and work 401k's, and some other equity. 

We do have the other house as an asset but we just bought it in February so there’s not much equity there.

You can put sweat equity in the house and learn as you go.

It appears they’re trying to stomp out STR owners and investors in favor of the huge hotel chains.