Finding an Investor Friendly Contractor In LA is Impossible?

[David G.]

Hi Guys

After 7 years of doing Airbnb; here is my next move.

HOUSE HACK

Get a rehab loan (Fannie Mae Homestyle at 20% down) to buy, rehab, and live in a beautiful SFH pool home in LA County. Preferably Woodland Hills or Calabassas area as you get higher square footage for your money.

Convert detached garage or build/prefab 1200 SQFT 3bed/2bath ADU & convert part of downstairs of main house into approx 500 sqft JADU.

Make cosmetic upgrades to main house. There should be a separate entrance for all 3 structures. Everyone shares pool/spa and outdoor area. Total of at least 6 parking spots on property or street.

Increase property value by at least 20% of purchase price + rehab. 

I will live in the main house and rent our the two ADU's. When I move out, the entire house (all 3 units) must cash flow as traditional rentals.

Now, I would LOVE to have serious conversations with investor friendly contractors in the area that could give estimates on rehabs, garage conversions, ADU additions, and so forth. Where are they?

Am I on the right track here?

Your friend,

Dave