Complex local zoning and building regulations - there simply no land to build or convert anything into more units.

the hand offs are annoying since if your situation is more complicated, as investors tend to be, you have to explain your file all over again.Separate from banks, non-bank lenders (separate from mortgage brokers), really have more flexibility than a bank due to the regulations imposed after the 2008 crash.

I've heard some Landlords are experiencing 30% or more in delinquent renters but I think that's in heavily regulated states and apartment complexes where tenants tend to collaborate more.

The forum regulations won't let me post contact info, but sent you a connection request so I can get it over to you.

If so, what are the laws and regulations I should be are aware of?

Plus a bunch of other restrictions and regulations.

Breaks should be for known renters with a good history.If you're not allowed to give notice because of COVID or some crazy California regulation, then I would at least bump them up to within 10% of the market rate and start enforcing late fees.

Whether that is by leveraging the zoning to add additional units or leveraging the state ADU bills would depend on the zoning, local regulations, etc. 

Your borrower may still call that they can't pay the mortgage, just like rent, but you don't have to worry about repairs, neighbor or municipality issues or anything else pertaining to home ownership.Mortgages are highly regulated and lenders have tax obligations.

@Chris Fariogun people still need a place to live during a pandemic, and employment is slowly but surely regulating again.