I felt like his guidance was missing some important info.

I came to realize that I am missing professional/ seasoned advice.

Does anyone else have any important points that I missed?

So - fix it up, and then refinance.What am I missing? 

However, before i get too far in here.. i want to know what i am missing. 

Good luck I agree with you, there will be a lot that will be missing on the resale or many different walls to get around to sell.

Is there anything else I am missing that anyone would recommend a property manager for that would be hard to do myself?

Obviously that starts down a whole different conversation about preferred investing strategies which all have their merits.My only point here is that I don't think investing in other markets means you're going to miss out on the opportunity to ever buy in Los Angeles.

How it goes from here is dependent on the market, how the deal is financed, the sponsor's plan to patch things up, and the skill/ability of the sponsor.If you have some time, check out this forum thread, it has 279 responses as of today:  https://www.biggerpockets.com/forums/960/topics/1185204-ashc...I think you'll find some useful input there. 

Honestly, much of the value in home inspection comes from the document created which many buyers receive a copy but are otherwise clueless as to the items often missed in an inspection.