29 Palms implemented a 12% cap on STRs.Yucca Valley has a 10% cap.Yucca Valley is also planning their own music festival so be on the lookout for that.

I have read about two possible legal ways to write off some of the rental income: Take a partial dispositions of asset for a rental property and use that loss to write off the income in 1040 https://www.thebalance.com/partial-dispositions-3192873 The new tax law said we can use the section 179 to deduct the entire cost of the eligible property for the rental property such as roof, HVAC instead of depreciating it over 27.5 years.However, I don't know how to implement this in turbo tax.

When implemented properly, barrrr works anywhere that people have a need for housing. 

@Andrew DeBlock - implementing asset protection structures in your investing strategy is subjective matter and usually dependent on the equity/cashflow/wealth you are trying to protect.

This means there is a higher chance for a value-add component, as well the opportunity for creative financing (seller financing, lease option, etc).While all of this may sound great it sounds like managing a property this size is the most challenging aspect of the deal because it’s not large enough to support on-site management or a full time maintenance person, but it still requires daily attention.My questions are what systems and strategies has the community effectively implemented to manage a property this size, and how much more efficient could the management become if you acquired multiple properties of this size within 30-60 minutes of each other?

Begin to educate yourself on the topic and start implementing.

Last year, Mayor Garcetti set a goal to build 100K new units by 2021 and I know from following him that he has been involved with ULI and local governments in identifying the causes behind the shortages as well implementing policy to enable/encourage more high-density development in the area.I just returned from checking out some open houses in Compton, Inglewood, West Adams, and in the south side of Mid-City .What I'm hearing from everyone I speak to is the same: there's no inventory so everything is flying off the shelves with multiple offers.

There are new rules being implemented that will likely let many of these platforms open up to most people for investment and not just accredited investors. 

Still some flux in how this will be implemented.  

His book is really helpful to learn the terms as well as practical implementation suggestions for soliciting other people's money.