I recognized quickly that I couldn't continue to scale this thing by myself, so I brought in a partner who had the same vision and work ethic as me.

I could live in the house hack for very little freeing up much of my income to deal with the burden of my student loans or I could continue to pay over $1,000 a month for my apartment and my student loans as well.

Once you have at 5% of a down payment saved up and a better idea of what area you want to invest in and your end game goals, house hack a multi family and continue working/saving.

Or it could be some feature of the home or the location that's making it the second choice for buyers. 

It's sleek and they kept updating and adding new features as we suggest.

I see two shots of bunk beds, but they're in some sort of living room with a couch prominently featured.

Our current plan to continue our journey toward financial independence through RE is to sell the SFH at the beginning of next summer and move into a duplex or a fourplex and self manage the property.

You can find a lot of info at http://zimas.lacity.org/Links to the HPOZ info, laws, etc.I don't really have experience beyond appraising a house or 2 that was in a HPOZ but not a contribtiung feature.

There will propabaly be investor qualifications (accredited or sophisticated) but it’s a great alternative that allows folks who want to get out of a participation (hands on) ownership role and 1031 up into a more risk averse large MF building while being hands off.The sponsor will take fees of course like a normal syndication (most likely) and the returns may be slightly less, but you should still share the appreciation rights and ultimately just continue to 1031 up and up.Happy to answer questions.  

The asset was originally built in 1968 and features 34 one-bedroom units, 28 large two-bedroom townhouses, and 6 large three-bedroom townhouses.