We are also considering just using a HELOC to invest if we wanted to stay put, and would want to do Detroit metro area or Dallas/Ft Worth area as we visit family frequently there and also have family members who could help as needed.Our biggest problem with these strategies is that cost of living in LA is so high that we don’t have a lot of monthly cash flow to cover the HELOC  payment unless we took a major quality of life hit (like stopping all the kids extra curriculars and buckling our belts severely on spending, which we CAN do but I honestly would rather not if there’s another way).

I am there fairly frequently as we are only about 7 hours away.

The long term impact includes the following:-Less compassionate landlords who are willing to be flexible with late payments, evictions, or delayed move outs-Less supply of rental property due to single family rentals being liquidated and sold to buyer/owner occupiers -More competition from bigger REIT's (real estate investment trusts) and real estate holding corporations who can weather limited returns-Less incentive for real estate developers to rehab and hold properties long term in the local area-Less flexibility to keep rents affordable without falling behind and keeping up with market rents to appraise at exit -Less business in the investment property sector due to lack of supply, including realtor commissions, title and escrow fees, handymen and contractors, property inspection fees, appraiser fees, mortgage lender commissions, and bank refinancing profits -More headaches for property management companies having to navigate complex and controversial client demands on their property -Less qualified tenants using the first-come, first-serve basis for applications Now BEFORE EVERYONE thinks these laws are just horrible to invest here, I want to conclude with some of the major PROs of these laws:-Less competition from entry-level investors, meaning more deals will be had by liquid and well financed investors looking to scale with the roadblocks in mind-Higher valuation of rental property over the long term due to supply and demand constraints -More stability in the quality of management and landlord professionalism -More 1031 exchanges from older investors looking to move assets around more frequently to dump low performing properties -More incentive for real estate developers to only build large unit multifamily that will not have regulations for 15 years (from certificate of occupancy)-More expectation from tenant that they will receive an increase each and every year (more implementation, means more frequency to experience)As always there are two sides of the argument, but I firmly say that I can still be profitable and make millions of dollars here in Oregon, but with a little more caution and strategy.

You may get some travel medical professional (more than just nurses) with a 3 bed, but it's not the most frequently sought property type. 1/1s and 1/2s are for more wanted as most do not travel in groups and most prefer not to be in a shared home, particularly if there isn't a dedicated bathroom for each person.

Most people go to school for years to prepare for their career...a few months really isn't that long.Now, that said, there are some things that can reduce the amount of time it takes to get to your first deal:- Start making offers sooner and more frequently.

Each door would have an electronic code lock that would change frequently.

With month-to-month leases, operators can more frequently adjust pricing to pace inflation. 

I find 1-2 bedrooms with 1.5-2 baths is ideal for them because they frequently travel in pairs - and have pets!

It is very common and frequently used.

I am in Manteca and frequent Modesto a lot, thanks for the info!