Do you have any other tips on "the live" in flip potential in LA? 

Certainly not impossible, but the multifamily market (especially for larger properties) is pretty active and below-market purchases, while possible, don't happen as often as they might in the smaller property space.Pro tip:  If you still like the idea of purchase cap rate, use stabilized yield on cost instead. 

We had it for our kids while going to school .

I can't really house hack, as I have a wife and two kids.

My wife and I also have kids and we are not willing to house hack either, it’s not for everyone.

Any tips on managing joint ownership or deciding to hold or sell would be greatly appreciated. 

If a family with kids values D+ then the probably already have it, so providing smart TVs where they can log into their subscription is sufficient. 

I’d be happy to connect to exchange more tips and ideas! 

Most important thing is gaining enough knowledge to be able to purchase properties that's going to add value to the next few years of my life and my kids 

Happy to connect and share more tips!