The mortgage insurance never comes off a Government backed loan... 

Growing concerns over California’s lack of affordable housing have made rent control (a government-imposed cap on what landlords can charge their tenants) a hot topic.

The students require the same accommodations as a STR since they move from government quarters to apartments/houses and then ship out after 24 weeks.

Couple that with county taxes (usually not too bad) and in some cases village taxes (also ridiculous as who really needs 3 layers of government) and you end up with a huge tax bill. 

My intention is to provide low income families with middle class accommodations in safe neighborhoods with above average school districts.I grew up in a poor family with the help of government assistance.

(My renters work in that hub.)Whether all of this will actually pay off is far beyond my ability to guess but based on what I've been watching happen in the neighborhood I've been hesitant to let it go just yet.My hesitation has grown my equity by around 35k over the last year, though I suspect that could soon be erased due to covid.Admittedly this is all speculative but my gut feeling is that this home could appreciate significantly in the coming years.Your point about tenant friendliness is interesting to me and one that I've been reading and thinking about.I have not yet come across any specific laws in California that I felt were difficult to comply with.My home is inside the limits of a smaller city with a deverloper-friendly local government, which is part of the reason for the massive redevelopment of downtown.Admittedly I'm not as informed as I could be on this so if you're aware of specific laws that may become a problem for me in that region please clue me in.

I know this happens pretty frequently and it's unfortunate how often the buyer, or the buyer's escrow account, is left holding the bag for the information gap between the government, other parts of the government, and title companies. 

If you don't have that many units, I would recommend looking into Rhino.Side Note: Although Columbus in rapidly growing, the local government makes it really hard on owners of multifamily assets. 

And I've had them change substantially like this, both up or down.If a person is working more hours and getting overtime, getting more from government benefits, had a kid move out, etc., that can throw off the calculation.

I’ll have a conventional or FHA loan, but I won’t be living there, the lender knows but “not the government “.