But just be aware that the property taxes are hard to control, and you would want to fight them every year (b/c the appraisal district will likely increase your property valuation every year).

Even if you had a GC to run your project, that doesn't give you the experience of running a project b/c you have someone else that has more control on site.

Someone is making medical decisions for them, so they should have the legal control over their finances to make sure bills are being paid.

-No rent controls of any kind statewide. 

Ultimately I like to control my own notes so its not for me personally. 

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.

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

The cost of repairs and tradesmen seems to have skyrocketed after covid, a simple pest control for ants costs above $250, whole house paint of a 1400 sq ft 3 bed house costs $4k or more, a new HVAC costs about $6k, a plumbing repair costs $200 or more, a new water heater costs $1000-$1500.

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.