I don’t have much experience with rentals, but I’ve read that Texas was not good for some folks since property taxes are much higher and could be raised at anytime. I don’t know where properties in CA are sitting in terms of cash flowing now with the crash, but prop 13 helps a ton over the long term since the government can’t raise your property taxes to insane levels suddenly.
They can try to change the laws, but there are probably too many home owning voters in CA that something like that will ever pass I don’t think.
