And the first Rent Control lost, so then the CA State Legislature, with support indirectly from a foundation tied to FB, passed Rent Control.

Have you gone online and searched job growth or population growth in any of the numerous metros in this area?

Arizona had the 3rd largest year-over-year numeric population increase which was 122,693 or a gain of 330 people per day!

I won't be investing in the riskiest/most supportable asset subclasses such as hotels, and tilt my portfolio the ones that have historically been more stable such as multifamily and single-family housing.

Then reverse-engineer how many properties you'll need in order to support that:)P.S. 

I am looking to purchase my first commercial multi family property and build out my professional support team, agent brokers, mortgage brokers, attorney, and property management firm just to name a few.  

I would imagine there is some point where you have an LLC that has a couple years of financials that support what it is you are doing.

It helped me establish relationships that supported my investing aspirations and the leadership helped me along the way. 

@Mike Dymskijust to clarify i am talking about a low income are, class c or maybe its even a class D in my opinion 90% of the people in such areas do not have savings the reason why i would consider the lady with less than 2 times the rent.Frst of all she has all the money ready and seems to be very responsible, i have rented to numerous tenants in the past so i can tell even such a small thing like filling in every small detail in the application {my application has a lot of questions some that most see as irrelevant}. she also has an old car unlike most that buy or lease newer cars just shows how responsible she is, and she seems to be very nice {dont jump on me, i know exactly how it can turn in to lol} AND she has an excellent credit history and that says a lot!!!

This is for a short sale which I have under contract.   The terms state I would have the financing within two weeks which will run out end of next week.  I am in the middle of the process of taking out equity in a ren...