Rental Arbitrage in LA

[Johnny Hastings]

Hi all,

I've been diving deeper and deeper into the rental arbitrage investment strategy. I constantly come across the permitting process needed in most cities in LA. I currently reside in Venice, CA, and work in the San Fernando Valley. I am looking to find an apartment/house that I can self-manage around the area but I am running into the permitting issue. I am not sure how long this process could take me and I am nervous to sign a lease if I can't Airbnb the property immediately. Does anyone have any recommendations for cities around LA that don't require a permit? Any advice from a long-term STR/Rental Arbitrage investor?

Thanks!