So here I am, asking for advice on how to go about building this team.Having a mentor, real estate agent, and a lawyer seems to be the first teammates I should strive for.Thank you in advance.

A lawyer advised me once to deal with local lenders.- Also, do loans with private lenders appear on my credit report?

Talk to a lawyer and evict them.

,lawyer?

I was provided multiple contracts but was recommended to seek a Real Estate Lawyer to look over the validity of it.

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.

Would anyone be able to recommend a lawyer for a dog bite suit?

We  used a RE lawyer in our town to provide a buy sell contract to make sure things were in good order.

Finally, I want to stress that I am not a lawyer and I don't have all the facts in your situation so what I have said in this thread could be wrong so please check with a good real estate lawyer if you intend to purchase the property and go through with an OMI.

:)Regarding my expectations from property management companies - I read on our sites that there are companies that do almost anythingThey have "property manager, a handyman, real estate agent, etc.".You need to come with description of what you are looking - let's say duplex and probably more details about the budget for the house, rehab and so on..After giving those details, the companies search for assets, offer it to you, you do your calculations and actually negotiate through themThey will handle the tenants, the mortgage, lawyer, fix issues - But all things should go through meThe problem  - knowing what is a reasonable price for them to manage my property and to trust them : )