@Joy Daniels - All good suggestions above!

You wouldn't need to keep an eye on other investments, just focus on the one and maximize your cashflow.If I can make a suggestion though...I might be wrong, but I don't think you started househacking to take the simple route. 

Hi Alice, I think you brought up some great suggestions. 

I suggest you start out by meeting like minded people and here is a link to a local meetup in the OC: https://www.biggerpockets.com/forums/521/topics/1225233-ocre...Good Investing...

This is after all construction in Los Angeles, if you've never done it before add 50k.If you have $500,000 in cash I suggest you use it elsewhere, this years long headache is likely not worth the 1000's of man hours you will also have to put into it running your very own team of scientists.

Does anyone have any suggestions or recommendations?

I appreciate any advice or suggestions.

Any insight from those who have done this or those that suggest we don't take this approach would be appreciated.

Lots of us are happy to offer suggestions but I think we need to understand your situation better.All the best!

Thank you all for your feedback and suggestions, I greatly appreciate your help!