It was ranked fourth coldest after, get this, New York, San Francisco, and LA. I

If you are in a high cost area in LA, I don't think you will have an issue selling with a JADU.

House hack is great but if you’re not familiar with LA, I would suggest to rent first.

All this being said, LA is hard, and very crowded with investors, buts its still doable, just takes timing and lots of digging and offers. or just finding a decent deal, making a sizeable down payment, and letting time do the work.

In a hot market like LA is it better to just list it on the open market?

Our friend lives in LA (is originally from Wisconsin) and wants to start REI too.

LA is tough because its flooded with a million other people trying to do the same thing.

Hence, LA is easily number one!

@Vidal Preciado Price appreciation is a combination of stupidity and desirability....every time I go to Miami Fl everyone is driving Bentley's...every time I go to San Diego, everyone is driving a Honda civic and living off the HELOC they pulled on their primary...how does this make sense...don't get me wrong, I'll hang at Balboa Park any day, but the desirability of the location is questionable...nice for vacation, but how long will prices rise....and appreciation is super location specific across asset classes and property types....it certainly does not happen on a macro level.Contrary to @Dan Heuschele comments, San Diego really is not appreciating steadily...as an example: What you are seeing in locations like San Diego and LA is growth driven by poor judgment...only 20% of the population can actually afford to live in the city. 

Hi @Ray Lai
Hope all is well. Are you able to send me the wholesaler direct mail letter template and checklist please.
Thanks I appreciate it.
Juan Manjarres