Or get a local one here in Los Angeles CA? 

My name is Luke Reynolds and I am currently looking to purchase my first time in Los Angeles, California.

I was just offered a really really great employment opportunity outside of Los Angeles.Here's my question: I know that FHA loans require owners to occupy the residence for 1 year prior to renting out said property. 

@Nicholas UrcuioliFirst of all you wouldn’t value a three unit building based on Cape Rate.Four units and under are considered residential and you would use the price comparison approach on an appraisal.Cap Rate is purely a measure of risk and never a measure of your actual cash on cash returns or future gross profitPlaces like San Francisco Los Angeles and Manhattan have way more renters (demand)  then there are vacant units (supply).This makes these markets extremely safe because the risk of the whole building becoming vacant is almost 0Markets with higher Rates like Ohio or Alabama must pay a higher return on investment because they are riskier markets with much higher vacancy rates and demand and Manhattan have way more renters parenthesedemand

Sellers Financing: how do you even find sellers like this?

If you properties are in greater Los Angeles the lenders who are good at home mortgages and likely not the same as the lenders that do mulit family loans. 

School district is LAUSD (los angeles unified school district). 2.

I recently purchased a triplex in Los Angeles with one rental unit well below market rents. $300 below market.

I'm in escrow on a property in San Pedro and I'll be inheriting more tenants than are on the lease agreement in 2 of the units. Looking further into the RSO I see that you can raise 10% per additional tenant not liste...

I live in Los Angeles, where property is expensive to rehab and rent unless you have a lot of money to lay out.