They allow California Landlords to take out home equity loans and match them with investors buy fractionalized stakes in those loans.

I buy them cash for the fraction of what cost me to buy in texas, the rehab is minimal and they get me about 2/3 of the income I get in Texas.

What I can say is that the headlines about the difficult tenants and rent restrictions cause issues or a small fraction of property owners - but you'll never hear about the 99% of cases where tenants are paying on time and respect their landlords' properties. if I'm in your shoes, in terms of recommended criteria, I would opt for looking for strongly appreciating areas and not just monthly cashflow.