Most people would be better off buying a nice, used manufactured home for $50,000 - $100,000. 

Market OverviewThe Los Angeles apartment market is comprised of 864,197 units in thirty-seven geographic concentrations ranging in size from the 62,684 unit Hollywood/Silver Lake submarket to the Tujunga/La Crescenta/Montrose submarket, which amounts to 5,448 units.

Depending on the # of licenses, Costar might range from $300-$450/month per user.  

I could move that equity into other projects, including properties that would rent for more efficient rates (rentals in the 3/2 to 4/2 2000sf range here tend to go for about $2200-2400/mo).

That mid-range investor if doing a fund in that range is going to be very difficult to find enough product, cover your overhead and pay the investors. 

The location of the Strip mall is great  the demos are not so great 50-60k range.

The region's young population and growing economic opportunities contribute to high occupancy rates, typically ranging from 90% to 97% year-round.

The region's young population and growing economic opportunities contribute to high occupancy rates, typically ranging from 90% to 97% year-round.

Depending on what percentage of your excess income you put towards additional principal payments, the difference can range from a small amount to a significantly large amount but keeping the mortgage will never pay less interest nor will you ever have access to more funds. 

Landscaping ranges cheap, DIY to expensive.