This is a tiny market and despite there being a massive labor pool in nearby Buena Vista, there's a surprising lack of skilled labor.

There is a massive difference between HOA and Condo Association, gigantic difference.

Any help would be massively appreciated!

Unless you have a massive relationship with the bank outside of your real estate investment business, they won't fund you for that purpose.

In hindsight, we took on a massive level of risk. 

This is even if the expense itself occurred outside of the fiscal year. 

I have a friend who is going through an eviction with a tenant in her property and because she tried to get her to leave on her own for several years, she now has a MASSIVE headache on her hands, AND still is paying attorney fees & court fees at the end of it.

Sold several in Atwater Village and also more in Highland Park.Buy and hold is tough to cash flow anywhere in LA so you really have to find a good deal with major value adds and often times, sustain a year or three with slight negative cash flow but have massive appreciation both market and forced.South and East LA I am less familiar with except for south Bay (Gardena/Torrance/Etc.).

But the risks for a new person are massive and it is almost never worth it for them.

Plus you will look like a freaky cash obsessed landlord which creeps people out causing you massive turnover.