Seeking a criminal conviction against a man who is "just trying to feed his family" has ZERO jury appeal and you will NEVER get a conviction for that in Los Angeles County.

You might want to seek out experienced local investors, who can point out local risk and help you avoid it.

Hello Biggerpockets Community, I'm currently considering a unique opportunity to go 50/50 on a property with a friend, and I'd love to hear your thoughts and experiences on this matter.Background:
My friend and I are...

As a result, seeking option to purchase the property with 20% down with a FHA loan.  

When that type of information is shared, some people see opportunity and may seek to take advantage of your inexperience to benefit themselves. 

I think getting my ducks (management/ financing) in a row and seeking out a discounted MF deal makes a lot of sense.

A good property manger should be able to cover their costs in lower vacancies, lower maintenance costs, and better quality residents.Crappy tenants seek out DIY landlords because they know they can get away with things a good professional manager would not tolerate. 

Seek out markets with promising long-term growth and solid foundations.

Once the market is determined, we will also be seeking to make connections with contractors, hard/private money lenders, agents/wholesalers, & property managers in those areas. 

This means you can swiftly transition out of the business while securing your financial interests, without the hassle of seeking external financing or dealing with traditional lenders.