One bit of advice is scaling too fast if the market changes and factors out of your control (interest rates, job cuts, rent decline, job loss) have enough in reserves to weather those storms.

Fed has zero control over most of the issues I noted above.Just the Facts ma’am.As far as the stock market.  

Also, just an FYI if the condo/townhouse was built prior to 1978, it is likely subject to Los Angeles Rent Control.

Both FNMA and FHLMC permit this, under the following circumstances: Notes: For all such transfers affecting mortgage loans purchased or securitized by Fannie Mae on or after June 1, 2016, the transferee is not required to occupy the propertya limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.Citation: D1-4.1-02: Allowable Exemptions Due to the Type of Transfer (04/13/2022)Now, you will still have the Note and reporting in your name individually and will still be personally responsible for the mortgage and most likely, the manner of transfer will enable any litigant to pierce the veil of your LLC, but you'll have what you wanted, for whatever reason. 

Finally, closing costs were reasonable.Cons-  Quality control of closing docs. 

Child support and alimony we generally don't consider, social security and disability we do. 620 credit score for all applicants, we will conditionally approve people slightly low on a case by case basis with increased security depositAs a general rule, an applicant that has been convicted of a 1st Degree, 2nd Degree, Life, or Capital Felony, or any crime involving the sale or possession of controlled substances, within 10 years preceding the date of application within the last 10 years will be denied.

Pest control- we put mouse bait out along the fencelines and under the units, mow excess weeds and grass.

I self manage and like having full control over the whole thing.

You need to stay in control of the relationship.In addition to the Happy Clause mentioned, the word "no" is a perfect response.

-The state just passed a law this year that no municipality can regulate fees or charges for rental properties-The state passed a law that any type of rent control in the state is not allowed.