On public websites, I see some options to acquire a duplex in central Los Angeles under $550K which would require at least another $50K of work if I do not outsource most of the labor.

Quote from @Stacey Wells: Hey everyone,I’ve been researching different funding options for real estate investments and business expansion.

They were NOT interested in our logical reasoning:(Regarding getting out of your current PMC contract, suggest you read the contract to determine your options.

You will likely miss some deductions using the commercial tax software but it’s the cheaper option and starting out a couple hundred dollars in deductions missed likely isn’t that big of a deal.

I was going to do that in an attempt to get creative with my financing options so that there are no liens on it and I could borrow against it as an option.

Also look into various self-directed options as @Dmitriy Fomichenko stated.

Would love to know if any other mortgage brokers are aware of other options? 

Option A would allow me to keep it as a long term rental .

Sometimes cities will allow this, but it depends on local zoning rules.If neither option works, it might be worth consulting a real estate attorney to explore your options.

What are your next deal options?