Real Estate in Los Angeles

[Trish Elle]

Hello all,

My partner and I are interested in purchasing a one unit condo to use as a rental property.   We would like to start conservatively and start with one unit and gain experience before jumping into a multi-unit property.  This would be our first home purchase.  I wanted to get thoughts on the different nuances (more concerned with taxes and fees, insurance, etc) as a landlord here in Los Angeles.  We would be living in a completely different place from the condo we're looking to purchase.

Appreciate your feedback.  Thank you!