A lot of cities require you to get a work comp policy if you are an owner builder unless you hire all people with their own policies.

@Zachary JensenThe originalPost “ why wouldn’t an accredited investor invest with no risk….”Why is it that people think there is no risk in real estate.

Additionally, since my parents are nearing the retirement age, I'd like to prioritize low-debt, high-cashflow deals.

People even do this in Vancouver though it must be extremely challenging.  

There's no reason to provide details, though I do let people know if anyone asks that we do not accept bulk up-front rent payments or anything like that because I absolutely do not want a prospective tenant to think that someone else swooped in with a bunch of cash last minute.

. - some strategies I've seen California investors use to lessen negative cash flow: house hacking, mid-term rentals (people temporarily displaced from home renovation or insurance reasons like fire), rent by the room, Short Term Rentals. - The ultimate house hack, live in the small ADU unit and rent out the two levels of the main house on AirBnb in San Francisco (I would have thought STRs are oversaturated in S.F. but it worked for them and they stay fully booked).

People have to remember that the seller finance space fills the gaps that the banks leave behind. 

These are people who normally buy homes but temporarily rent while resolving whatever life circumstances made renting a better option.

Give them a couple of options, they already know the unit got foreclosed, most people move to avoid the hassle. 

The lot works and ok with living in one unit, just trying to find people that have executed them in Los Angeles City.