But if you are committed to purchase, a 2/2 would prevail over a 2/1, the price difference has to be nominal and now you might attract a different user like tow couples or adult friends that don't want to share a bathroom vs a young family that the kids are okay to use the same bathroom as the parents. 

It is easy to get distracted, but where you focus the most attention will get results. 5) It sounds like you want to live a life by design.

I'm particularly passionate about midterm rentals.Outside of real estate, I enjoy working with special needs adults and education about memory loss prevention.Excited to learn and connect with you all!

We can meet almost any need- plus we can help with design

The low bids likely don't account for the entire scope of work required to design, permit and build an ADU, including requisite utility upgrades and other site improvements.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

In a city like LA especially, you will need to make sure your rental is set apart from others, so I would have a sizable budget for furnishings and design.

A married couple in their 70s that have previously owned homes for 40+ years and are now retired with no debt, no kids, and 50 years experiene as adults should not be looked at the same as a boyfriend/girlfriend in their early 20s that have never owned a home or rented together before, still paying student loans, living paycheck to paycheck, and financing that 2018 Dodge Charger in the driveway.

In addition to FHA, I have a conventional loan with the option to put as little as 3% down as well a speciality product that has lower rates if the property is in a designated area.

I have been an agent my entire adult life (let's just say its been a long time) and I can tell you its worth the 3% to have the agent.