I am in Orange County and nothing cash flows here without at least 50% down. 

@Julie McCoy Nextdoor would definitely work in LA and Orange County.

Typically, in A-Class neighborhoods you end with a prospective tenants that are a little better off financially than most.I also own an LTR in Orange County (Costa Mesa) and I have had good tenants thus far. 

I am aggressively looking for property management companies for sale in Orange County CA.

If you are thinking short term rental because Universal studios is fairly close, you can't STR in Orange County, so that is out too. 

Not because they are different investment classes, they are an apples to oranges comparison. 

Speaking from personal experience, I have several STR rentals in California (I co-own STRental Pros in Orange County, Los Angeles County, and Riverside County).

However, these properties won't be low hanging fruit.

its apples and Oranges.

I own several properties in Orange, Los Angeles, Kern and Riverside counties.