@Sean McKenna Sounds great, I'll look into it and see if you do indeed greater than 2500 gallons for 5 bedrooms.

A lot of STR owners, the ones who never should have got in, are going to the bottom of the algorithm so it doesn't sound that attractive.

Personally I would have said ah ok sounds good Can I help you bring the things to your house?

Does this sound right?

This sounds like a deal for a local commercial bank.

If you want to find people who will try to help you lose your money, telling them how much money you have and where you will be is a good way to start.You are limiting yourself way too much by focusing on LA, but with $2 million to burn you could likely find some good cash flow if you are paying cash, but you don't sound like the management type just from this.

And the owner is paying you not only to enforce common sense rules, but to understand the ADA and the proper & legal way to hande a request for a reasonable accommodation.Most city and county governments have a position called an ADA Liaison (or something to that effect) whose position exists to train local businesses and landlords on ADA requests and what is reasonable / unreasonable as it pertains to accommodations (often the same person that gives training once or twice a year at the local Board of Realtors, so you might even be able to reach out to them for a point of contact).Rather than operating in a vacuum, or taking your advice from a public forum, why not reach out to that person in your jurisdiction and get an opinion straight from the horse's mouth?

It sounds like you personally are focused on an urban infill strategy which maximizes density and price per square foot rent.

Sounds like you would still need a conventional loan on top of that to bridge the difference, but it could provide down payment funds. 

Price is actually an effective filter for neighborhoods, but after 7 years of appreciation 250k is really the lowest I would go for a duplex (these used to be about 120k-140k back in 2015).