Because it's California.That said, REPS has nothing to do with STRs, so your reference is not relevant.

It's just the investors who are left to twist in the wind - no need for anyone at RAD to pause their looting during bad times....IF RAD DIVERSIFIED TALKED YOU INTO INVESTING AND WON'T RETURN  YOUR MONEY GATHER ALL RELEVANT DOCUMENTS AND CALL (213) 894-2400.

While some lenders offer flexibility and may approve loans based on the documentation of your associated entities, this is particularly relevant when your business lacks an established credit history.

Such an adjustment may be approved only if, based on a review of relevant factors, the commissioner concludes that such an adjustment would eliminate an extraordinary burden on the applicant in light of unique or unusual circumstances and would not detrimentally impact the health, safety, or general welfare of surrounding property owners or the general public.

Need to reach out to the current PM and get started collecting this information.Lease Agreement –Resident Contact Information – Names, number of occupants, email addresses, and phone numbers.Current Ledger – A detailed record of the resident’s payment history and any outstanding balances.Notices or Correspondence – Any relevant notices sent to the resident, including renewal offers or warnings.Security Deposit Information – Details on the security deposit amount and its transfer.Resident Status – Whether the resident is current, up for renewal, delinquent, or in the process of eviction.Maintenance History – A record of recent maintenance requests and any ongoing issues.Utility Information – Any utilities billed through the landlord, including provider details and current status.Keys, Remotes, and Access Codes – Physical and electronic access to the property, such as keys, garage remotes, and gate codes.

This helps prevent advise that may not be relevant to your situation. 

You're in a great place to learn—there’s so much insight here from people at every stage of their investing journey.As you're getting started, it can be helpful to narrow down your focus—whether it’s buy and hold, short-term rentals, or fix/flips—so you can soak up the most relevant advice.What type of investing are you most drawn to right now, or what markets are you considering?

I’ll be able to explain the relevance once I know this information. 

It's recession in CRE-world.I'm not really sure what the relevance of these charts and data is...the whole discussion here is syndicators taking advantage of unsophisticated LP's.

I didn't mention about an opportunity for value adds on this property as I thought it's not so relevant to tenant issue.