I have installed Next Century submeters in my new construction builds. 

@Cody McVay this is the 21st century, send them a text and an email telling them what to do in case of emergency, responsibilities, and where to pay rent.

Coldwell Banker, Century 21, Kellar Williams, etc. will hold your hand and guide your through your first deals.

Los Angeles historically produces near top of nation returns (case Shiller has it number 2 for this century).  

Purchase price: $1,275,000 Cash invested: $275,000 Sale price: $1,775,000 1954 Mid-century modern. 4 bed, 4 bath. 2671 sqft house on 28750 sqft wooded lot What made you interested in investing in this type of deal?

Every book written on Real Estate and REI for the past century has said" Real Estate is the #1 hedge against inflation. 

Yours appears decent on the outside so maybe you got the turnkey gem of the century, but the fun is just beginning dealing with leasing to the riff raff..  

These areas are where the massive houses were built around the turn of the century which are conducive to splitting into anywhere from 2-6+ units. 

Maybe a "Mad Men" full mid century modern Short Term Rental Experience.

So I purchased a cool mid century modern home with a pool back in January, that’s needed a full rehab!