Give backI understand that this is a personal choice, but i firmly believe that you get back what you put out. 

(Los Angeles wouldn't be my first choice to have a rental due to the amount of capital it ties up but with all the tech companies moving down to this area, it's making us consider a longer-term strategy.)

In all likelihood, you cannot move those until you change jobs, or if you are still with this employer beyond 59 1/2 years of age.While a Solo 401(k) may not be an option, if you do have current retirement savings outside of your current employer plan, you could look into a self-directed IRA for broader investment choices.

Sell, regardless of how you manipulate the numbers this is a very poor choice as a income investment property.

Now that I have a few properties and my taxes are going to grow in complexity, I also enjoy new options previously unavailable.In regard to CPA's - I think this is a wise choice for me now, but are there CPA's that specialize in real estate? 

Once you've narrowed your choices down, bring them along to do a stink test on the property.  

I am looking to make a low down payment (3-5%) and so the obvious choice was FHA.

So, are you just looking for support, for a choice you really want to make, regardless?

I want to start investing in real estate and bring in some cash flow. but there is two options that I need help with. there are two locations one less desirable but still you can find some good houses but alot of choices and the prices on the houses are very low. or go to another location where is more desirable but fewer houses I say like 5 percent compared to 80 percent of houses. but the houses are twice the price . you will get better rents but pay higher mortgage. another thing to add. pricier homes have alot less taxes. as a first time investor not knowing what to expect where should I lean too first. thanks guys for the info in advance.

They do 80% LTV on 2-4 unit investments, but with your choice of a prepayment penalty or a couple points.