I'm curious as well. 

Other lease provisions may apply as well, such as prohibition against causing the LL to incur fines and damages.

There was no mention or remorse for past declarations, which were pretty set in stone per the loan offer and his communication.

Quote from @Gregory Schwartz: I have 2 very close friends who grew well beyond 2 rentals with this strategy. 

Without knowing all of your specifics, I'd say that it's only worth holding on to if you can reasonably expect to have some really good appreciation in the near future (like 5 yrs)....Or, in the case where it would run well as a vacation rental, you could switch the usage, maybe?

The contractor is responsible for paying their subs so it would be a breach of contract between flipper and his GC if it was written well. 

Quote from @Chase  I hope all is well!

Are you focusing on local investments within LA County, or are you considering opportunities outside the area as well?

The problem is, none of it is based on actual comps, and again, the word "cute" doesn't have anything to do with setting those numners.What you need to do is a full analysis of the comps for both rent and sold in your area. 

Because of cost, duplexes are are a better choice and compete well with SFH and or apartments. 4.