Most importantly, 72 degrees falls within any regulation out there.

What you will find is California taxes and regulates all LLCs (even foreign) - some say heavily.   

While the industry is legally very regulated, the compensation model is totally open - as a customer you can choose flat fee brokers, full service brokers, discount brokers, go FSBO, sell to iBuyers - the industry is being disrupted all the time.At the end of the day, the free market sets the price. 

@Mary Blanco, this article identifies a strategy I have seen used successfully in California to avoid the franchise fees and regulations that were spelled out earlier for investors in California. 

The state is considering a bill that would prevent HOAs from regulating rentals in some way or another, my HOA was part of a group of HOAs that went to the capitol to fight against it (and ultimately won).

. - usually eviction procedures follow a specific timeline and flow, specific to your state regulations.

I understand the regulation is still being interpreted, but is there a specific deadline when the OZ funds need to begin to execute their plan?

There will be some digital marketing involved to bring traffic to a website designed to capture the leads.I know there are regulations governing marketing for investment opportunities, but this seems like a little bit of a grey area.

I was considering wholesaling but California is so highly regulated and unfriendly to entrepreneurship.

Hi @Eric Piccione, I would make sure the numbers work both with a STR and an LTR just in case regulations change and you can no longer run a STR.