Not that Rocket Lawyer replaces a good RE Attorney, but they had a LO contract for Colorado which I used.

I owned an Assisted Living facility in Palos Verdes California in a high-end neighborhood.

If the house is in a non-sketchy area, San Pedro is really close to a lot of desirable destination points (the port, the marina, Rancho Palos Verdes, weddings at Wayfarer Chapel, etc) and I think you would see good demand for it as an STR.  

@Brian Gibbons @Crystal Smith   To keep it short..attorneys read TPC and think that because a LO is considered an executory contract, that it is the same as a contract for deed, which is an executory contract. 

Alo look at concessions and non payment.

They can alos provide you with the operating agreement that you are going to need if you decide to get a bank account for the LLC. 

Maybe a desert museum palo verde, or desert willow with automatic watering until established. and some cacti.

I would love to hear from a Los Angeles area or similar market wholesale or lease option investor on the podcast.

True cost and benefits trumps rate every time.My point is that if you aren't using a LO who is exposing you to all of your options, not setting you up for future success, or only selling you on having the lowest rate, then you may be using the wrong LO and leaving money on the table or worse, getting stuck.

Have my Realtor send them older listings (120+ days) which will be more susceptible to a LO (or maybe owner financing)5.