Meanwhile, I have 10 units management experience. 

.: Anyone with experience (and/or referrals to lenders) with non-recourse loans?

@Felicia Vinces it sounds like you missed our Year End Live show and Podcast of "Real Estate Notes Show' where 2 15 year experience note investors break down what makes a note valuable.  

Wondering if anyone has experience there?

Not sure if they have upgraded to desktop appraisals but if they are still doing in person appraisals , make sure you get everything (scope of work, good faith deposit, social, LLC docs, insurance, proof of prior experience, financial statements) in ASAP.

A partnership requires three things to be successful - Experience, Capital and Time.It looks like you have the capital and experience but maybe not the time.I have my doubts about this working if you have a friend who has weak credit and a limited cash flow.

Does anyone have any referrals for property managers in the Los Angeles area who specialize/ have experience in mid term rentals? 

Thank you  The good GCs charge 20% but this does not equate to your savings because the GC will have better contacts, have namer experience coordinating contractors, be more familiar with permit process and expectations of the inspectors.  

I personally do not have experience managing rentals.

Looking to see what other feedback people have from their experiences.