LA is a tight market, technically the 2nd least affordable market in the country.  

Would you recommend Orlando or say stay local to LA?I

I am assuming so since $3500 profit after mortgage on a SFR rental in LA is through the roof. 1031 into another multifamily might be a good idea for long term and the tax advantage.If the goal is to double your money quickly then start looking for a flip. 

Tenants are paying on time and have leases and deposits in place : rents will either go up gradually or buyer will offer cash for keys as the rental market in that area or most of LA is very positive and filling in the units would not be a problem at all. 

But then again, you could also wait 2-3 months, avoid giving $ to a hard money lender, and find a comparable deal without having to pay someone else a high interest rate.If I were in your shoes bringing in $500K a year with two rentals and a primary residence here in LA, I would still 100% be looking for another deal.

We invest in these sorts of properties in LA. I

Hello, I found a duplex that I would like to purchase in LA. I

I now work remotely, and since I don’t have to be in LA, I am thinking of moving somewhere that would allow me to do more with my funds.

In LA I imagine the hourly wage would be higher than elsewhere.   

If one were to run cash flow returns, they're low, but a lot like what you said-- AA+ neighborhood, long-term hold, and LA is unlikely to not appreciate, especially Venice since it's squished between SM and MDR which have already been developed, so Venice won't last much longer before the developers come in too (ugh, I live in Venice and I don't want it to gentrify but it's already started).So if you can afford the negative cash flow for awhile or whatever expenses, rents will eventually catch up, you're likely going to see appreciation (probably more than I will since mine is a duplex and they don't appreciate as much as a SFR), and you ultimately have a plan for how you plan to profit on it... it could be a good move!