LA is going to get the opposite effect.

I am an extreme beginner that lives in Shreveport/Bossier, LA. I

On most SFH sales in LA I see a push for 10 days DD and 21 day close.

I own a couple of laundromats in LA. I

In LA I am realizing the following:-I would have to put a large downpayment to make it work-Most properties have tenants paying well below market rate and with LA rent control laws it would be expensive to pay cash for keys

LA is a great place for new real estate investors to get started and you're in the right place.

LA is very intriguing for house hacking given it's high rent. 

Kelvin Lai

For now, moving from LA is not an option.I know in LA it is very hard to generate positive cash flow, and it's mostly an appreciation play. 

Short of the NOLA metro area, a massive portion of LA is considered rural enough to be eligible under that program, and has a few extra features that the FHA loans don't, most significantly is 100% finance option (zero down payment), but also can support new builds, such as you picking some land, dropping in septic and well, and then building a new home (or placing a permanently attached mobile), additionally, while there is a PMI requirement, the rate for the PMI is lower than FHA's requirements.Also, check out LHC below, as they may additionally throw in some dollars towards your purchase, regardless of if you use FHA, USDA or Conventional, so you might be able to get them to cover a good chunk or all of your closing costs.