Mario Furmanczyk,seriously if you are determined to play with LA's rent control laws and renting in California in general,you need to find a very good real estate attorney who is an expert in rent control laws and California rental laws in general.California is one of the most difficult places to do business and landlords are treated like criminals waiting to be caught by our court system.You need serious protection with good lawyers who will help you stay in compliance and keep you out of financial troubles.Good luck to you.

They left without me having to evict them or excessive drama, because they realized I was treating them fairly, even though their situation was a tough one. 

We got in for the same price range we were looking for in an SFR, so we treat the rental income as bonus savings for now.

The real property is not held for passive income or long term appreciation, but rather is treated as inventory in the course of a sales business.  

That price included pumping, chemically treating, and ultimately collapsing the septic tank, directional boring 3/4 of the way around the house (.39 acre lot), two cleanouts installed, and he even removed a damaged cast iron stack pipe which had cracked in my foundation and updated it to PVC at no charge.I gave the overpriced $4,000 water equipment to a friend who had suffered from hard water and haven't had an issue with my new city water/sewer setup yet.Contact me if you'd like to chat further.

That article seems to be referring more to how the alimony is treated in the event of the divorce.  

This would allow you to defer the taxes on the sale whether you treat it as your personal residence or an investment property.

If so I would think treating it like any other real estate sale, complete a correct contract, after you have determined the ARV, rent rates, and if your offer works for you and the other party.In regards to funding, there are most likely options (sorry I know very little on this subject) and this would also be a first step, once you determine that the property will actually work.

I hope you're not an agent that treats your clients like that.

They never seem to treat the property as well as those that book through VRBO.