@Marcus AuerbachHey Marcus, my RE estate agent says it's worth around 600k based on the comps.

You can look at successful STR's in your area and make a list based on photos.  

argues that zoning ordinances should prioritize functional families and not exclude safe uses of housing based on household composition.

Here's a good breakdown of your options for tax collecting starting Feb 1 based on the new regulations.

If you're open to looking at some resources here's what I would recommend you start with based on what you've said:1.

The webpage has them based in Maryland but they aren't listed in the state's business directory.

Based on the knowledge and experience you have, would you consider this strategy if you had to go back at my age?

Often times, there's houses or land worth $500k listed with an opening bid of $30k which is a fantastic deal; however, if you were to win the auction, there may be multiple liens and $100s of thousands of hidden fees that you have to pay at once (based on what I read online).

As a property manager, based on my conversations with our clients, below is a condensed version of what we hear most (in relation to PM in Chicago): "- Passing on the load so that you can be more present and attentive to your family (edit: and other responsibilities) and not be essentially working 24/7, on-call for the needs of tenants and property emergencies... can be worth the management fees.

I would start with them.I am not based in LA, so I don't know your exact laws, but I think I can still provide some initial direction for you to find answers, and maybe offer an idea to research.