Look at the economy now and even if it gets better there are a lot of unemployed people and companies that hit the toilet.Run your own business whether it’s real estate investing or a start up..Control your own destiny 

The reason I am anti condo for rentals is the control given to HOA.  

We (me and you) won't control that cycle, we just need to watch for the trends to find the deals.Yes, people will lose their homes over this, whether they unfortunately become a covid statistic, their spouse becomes a covid statistic, someone loses their job, et al.

(This is not a Section 8 unit, the whole building is controlled by HUD).

@Edith Alvarado de CortezWhile I don’t know California, you want to keep your short term investments, or flips, separate from your long term investments, ie rentals.

If you can't keep control your finances, you are highly unlikely to succeed in real estate investing.

I heard many people say Delaware, Wyoming and the State where I will be investing in RE in.

I cannot reform the whole industry, but I can absolutely control what happens within our doors.The Myth in the Math:INCOME (estimated):Average rent in our market is $1,200 a month218 doors X $120 per door = $26,160 X 12 = $313,920Most of our residents stay 3 or more years.

You then could have a blend of these where you could make two separate LLC's in each state, but then also nest them under a holding company in another state, such as Nevada or Delaware, for example.

Since I know real estate, and its tax advantages, I know I can keep 100% control over my money and still get similar tax benefits by investing my way in real estate.