There are cheap PMs, but I think you end up paying for that in the end. 

If you truly are limited on time or can't make investing a priority, you should look for smaller projects as others have recommended.1) General Contractors are available to run your project, but most are too expensive to make ROI work on smaller projects. 2) A great PMC can act as a Project Coordinator for rehabs, but many won't be transparent about the costs, so you know what you are paying for.

I'd recommend looking at costs. your build cost is going to be well over other homes because of the fixed costs like slab, Hvac, roof, etc. check the market drivers and weight the benefits of short term versus long term. long term is no furniture and help pays mortgage but at this size it doesn't really cover everything. we didn't find a lot of economies of scale in single family detached. can you build more than one unit?

Then she still only makes 2% extra for taking the risk of you not paying versus a bank.

In addition, you would need enough working capital to pay for insurance (which will be going up a LOT in Los Angeles) and to pay for property taxes.Don't buy this unless you have substantial resources and a cash cushion to keep yourself safe.

But you need to educate yourself and know exactly what the remedy is, or you may pay a huge expense for nothing.Any company that's doing a bid will video your line (no cost) so they can properly determine what the issue is.

You then will pay some long term capital gains, but you also have to take depreciation recapture. 

And that is the reason why a LIRP can provide much more retirement income.You don't pay interest on the loans and the death benefit pays off the loans when you die.

As we all know, you are really paying for the commission in the purchase price. 

If you pay the $250 and they say it's all perfectly glued and installed schedule 80 then you're going to have confidence without worry.