Have your agent start to look for properties that will do the 1031 now.

California law requires abandoned tenant property under certain circumstances to be sold at public auction.

I'm a broker and property manager here in Huntsville.

Does anyone have any referrals for property managers in the Los Angeles area who specialize/ have experience in mid term rentals? 

With comps ranging from $875K-$1M and your estimated build cost at $550K, the after-completion value gives you a significant equity cushion, making this project highly attractive to lenders.If you plan to hold and rent the property, you could refinance into a DSCR loan after construction, which bases lending on rental income rather than personal income.

@Amanda Lindsay Which property management software did you end up going with and how is your experience?

Many Realtors will suggest purchasing a property using a FHA Loan, to reduce your out of pocket money.

I am interested in buying a long-term turnkey property in a nice area (I live in San Diego so this property would have to be out of state).

I was briefly with realize properties, ERA, and lastly went with Heart and Home.

The wrong tenant can lead to non-payment, evictions, and property damage.