I've been hosting MTR's now for 5 years and have worked with most guest avatars and my company helps independent hosts make those B2B connections so I'm fairly well versed in the insurance displacement aspect.  

Are you focusing on local investments within LA County, or are you considering opportunities outside the area as well?

Buying a turn key rental, in an area you know or knew well, with a property manager you've met and trust, in an area that is large enough for you to have other options to find contractors and property managers? 

I looked at the market and see there's a large selection of 4bed/2bath homes in your price range.

Well, how much is the lot for sale for?

Since then, I've documented the process as a Boutique Hotel investor and have a deep commitment to sharing my knowledge around Boutique Hotel Investing with others who are looking for a path to financial freedom, and Boutique Hotels is the best path to get there in my personal opinion.

If all goes well, I'm building the courage to surrender to the challenge. 

All have performed well and rent easily.

RE is always changing and if you have only one niche then well your limited in opportunities and subject to the conditions that exist at the time for that strategy.  

If structured well, this can be a great way to get started without much cash.