Always happy to discuss the situation on the ground if you want to reach out, as I live, work, and invest here.

a live in flip that leverages your own skills and contacts could be good - it's a lower risk way to get started.

Note that in most jurisdictions, if you rent the primary unit and live in the JADU, the primary now has become rent controlled. 

Personally as someone living in Old City the many developments along Christopher Columbus Blvd, and the capping project along I-95 near present great opportunities in the future for new shops and restaurants.What are your thoughts!

Does anyone have any insight on this area as we currently live in another state.

To get a better pool of potential renters for you properties, you have to be in areas where they are going to want to live.

I turned that home into 3 paid off rentals (one of which I lived in for two years), and upgraded my primary residence in which the mortgage is now paid by my rentals. 

I have owned a duplex since 2021 and have lived in one half and rented the other.

We aren't using the garage at all and aren't planning on doing so, so we thought on making it a living space separated from the house for rent, which we'll sacrifice 1 of the bathrooms to add it to it, and later on do the same with 1 of the rooms as well, though I would have to make an extension to add the rest (kitchen, bathroom, etc.) so that way we could take advantage of the space we aren't using. 

Lots of great resources here for "out of state investing" which is probably necessary if living in LA!