This does validate why thorough background screening is an absolute necessity.As the state of WA pushes out more restrictive regulations on housing it increases the risk to both tenants and providers.

My background is IT for Federal Government enterprise systems.

Then the housing market will crash,  all of the home owners will lose equity, the government will bail out the banks and that will be paid for by the American taxpayers

Does the government really pay on time? 

Owning gives you equity, control, and long-term stability, even if the buy-in is higher.When choosing a market, focus on regulation stability, consistent demand, and reliable local support.

Despite the government’s recent reopening, the economic data blackout continues, leaving investors with limited fresh macroeconomic signals to guide positioning.

Anyone who keeps rent (well) below market rates deserves to have the government come in with rent caps and force you to continue to offer discounts for the life of the property.  

California is known for high operating costs.A business-friendly government, which makes it easier to run and grow a company, California is less pro-business than many other states.Your income reliability depends on the tenants who live in your property.

I'd love to utilize their expertise when assessing a property since they are local but I'm not sure what the general expectation is when I don't have a tangible property and I have not entered into contract to work with them yet.Some questions I have are: local regulations/permitting timeline, property's potential from their perspective, landscaping/amenities cost estimate (they also help facilitate this).

But dont blame you for leaving PDX so did I .. governance there is out of their mind.