My broker's property management company is local to the area and very familiar and comfortable with this product type if you want hands off management.

Many of the successful fund operators I have seen have 6 yrs, minimum, of company experience before moving from asset to fund.  

I am leaning to rent by room, given I could use the extra cash flow, and I currently work for a property management company so I have a good system in mind to use. 

Plenty of other good 1031 companies out there too. 

I assume we would use a title company.

I actually like the suggestion you gave for the second home, I just don't know how I would swing it since we're targeting it as an add the the investment holding company as opposed to a solo purchase for myself. 

Hi Everyone,I have a unit whose gas wall heater just got tagged by the gas company for leaking CO.  

Moreover, there are leasing companies such as PadSplit and HomeRoom who implement this daily, but for your property size/scale, I don't believe they'll be necessary. 

Then call their references and escrow company to see if they even know him. 

No property management company in LA is going to help you rent by the room.