And it's too late in the year to get pregnant in time to have a child as an exemption for 2015.  

@Brandon TurnerSpeaking as an architectural designer: Off the top of my head I know there’s this thing called grandfather rules, which exempts you, as a new owner from having to fix violations made by a previous owner/builder.

Just fwiw, most rent control areas have price control exemptions for properties younger than 15 years.

However, what I can tell you is that what the Realtor stated is not how it works.There’s a new law (AB1482) in California and if a property is covered by the law (most multi-family properties over 15 years old are covered), and the tenant has lived in the property for over 12 months, then you can’t just kick them out without cause.There are a few exceptions, and other types of properties that are completely exempt from this new law though.

Hi John,Property taxes are standard regardless of appraisal value unless your property qualifies for special tax exemptions like The Mills Act. 

If you have other assets or cash flow, you may not need to keep it to pay your monthly bills.Have you lived in the house 2 of the last 5 years so you can sell with the federal exemption where you can make a $250,000 (as a single) tax free gain? 

Though you may be exempt as an owner occupant with less than four doors, better to learn the rules now than to crash and burn later on.Good luck!

By taking a thoughtful and strategic approach to real estate investing, you can minimize risks and maximize returns.TAX BREAKThe tax break may come in several forms, such as a reduction in property tax rates, tax credits, or exemptions on certain types of property.REGULAR INCOMEThe consistent amount of money that is generated from owning and renting out a property.INFLATION PROTECTIONThe ability of real estate assets to retain their value or appreciate in value over time, even in the face of inflation.DIVERSIFICATIONA strategy that involves investing in different types of properties across different locations.

So, many mom and pop landlords are further exempt from some of these accusations just by the nature of their very small rental businesses.

@Henry Lazerow I agree - one reason for accreditation is most of the offerings are SEC exempt so the potential for bad actors is significantly higher.