A property manager may be a hard egg to crack but once cracked (built trust or relationship), they can open many doors since they can be your advocate and have access to many homes.this is the case with apartment complexes.   

I would like to know if I could create cashflow from a studio apartment across from the beach.

Despite the guru fed “misinformation” about all these under market price deals, they are actually very rare and require (1) the investor recognizing value that the seller and the rest of the market misses or (2) a seller with a need for an immediate sale and a buyer with the CASH immediately available to conclude a very quick closing usually forgoing inspections, financing, and other contingencies. 

My mistake for not inspecting the property beforehand.

Cash deal, no inspection 10 day closing.

Definitely glad to be a part of this community and learn from some great folks!

Quote from @Andrew Self: Previous apartment.

Thanks for the reply Cheree.Who is doing monthly inspections?

I know that the regulations in Beverly Hills is "friendlier" to landlords than Los Angeles and I'm exploring the option to convert a multifamily apartment into condos. 

And recently closed on a condo apartment that I'm renting by the room.