Specifically, we are looking for: Property: a small multi-family (2-4 units) one unit to be at least a 3 bedroom / 2 bathroom stand-alone house which we would occupyadditional unit(s) which we will manageLocation Options: While we’re open to a number of possibilities, here are the target areas:the South Bay area (Manhattan Beach, Redondo Beach, Hermosa Beach, Torrance, Rancho Palos Verdes, Lawndale, Gardena, Palos Verdes Estates, San Pedro, etc.) the Pasadena area (including Alhambra, San Marino, La Crescenta, Montrose, La Canada-Flintridge, Glendale, etc.)some areas might also be nice and/or on our wish list, but are secondary to what's listed above unless we found a great opportunity (Santa Monica, Pacific Palisades, Burbank, Sherman Oaks, Studio City, Santa Clarita, etc.)Financing Options: We’re open to a number of financing options, including partnering with an investor, using private/hard money loans, and other creative financing suggestions. 

The back detached studio is being sold occupied.

I lived in plenty of studio "micro kitchens" and survived, so what do I need?

I've seen a few newer studio apartment blocks listed which seem to offer great value/yield as well as being easier to maintain, especially with the new govt Healthy Homes legislation.

Lastly, as a beginner would you recommend investing in a smaller condo property to get started (studio, one bedroom) or would you go for something larger (single family, multi-unit)?

The lease for the studio ends at the end of March and the lease for the 1 bedroom ends at the end of April (and the 2 bedroom is month to month).

I have a studio condo that I am planning to sell in the next few years.

Than "720 minimum, 40 times rents"..... for "small studio apartment listed for low price"...... 

@Rick Baggenstoss there is this really cool function (a BP quick tip if I remember correctly) where you can actually adjust the playback speed of your audio by 2x.

You could always look for multi-family options with studio or 1 BR units that you can live in and rent out the other units.