My Girlfriend and I just got a call from a Los Angeles "Code Enforcement Inspector" He left me a VM today, and also left me a Business card about a week ago and on our door steps when we where not home.Part of his voice mail was "We have a complaint that the properties been divided the two units as two different families are running or two kitchens.

If you were older and weren't throwing money away toward rent every month, there'd be more factors to consider, but as it is, I wouldn't be too concerned about finding a "great" house hack deal that cash flows $200 per door every month.When I was looking at house hack deals in the inflated Los Angeles market, I was a little worried about "cash flow" as well, but given the facts that (1) I could get into a Los Angeles fourplex for a measly 3.5% down, which would free up cash to invest in other places if I so chose, (2) I was already throwing away rent every month such that I could still be cash flow negative of $650/month (what I was paying in rent) and still be better off because a portion of my monthly payment would be building my equity and the rest would be tax deductible (this is to @Cal C.'

A LO gives the buyer the option to buy the property after the rental agreement is fulfilled.

It isn't really any different than what would happen in a LO arrangement when the tenant exercised their option and purchased.

Tracey, ignore taxable value, it means nothing to you right now as far as using it to judge value of property.I too am alos stunned that a lender would even think of lending on a current negative cash flow property.

They will tell you exactly where they want to live and how much they are willing to pay :) It will alos give you a sense of whether are finding rentals with roommates or can afford to live alone- which may also impact which route you may go (e.g. rent rooms within a SFH or get 1 bedroom duplexes). 

I'm a Los Angeles native, age 27 and I currently work in Santa Monica as a software developer.

Purchase price: $64,522,337 Cash invested: $3,158,000 Mesa Verde - Denver, CO

I'll give it some more time and if it remains the way it is I might just rent it again or try for a LO.

I planted things that ended up attracting bees and tree frogs (FYI I'm in Florida) so I removed them for her.3) Consider safety: at one house I planted a vicious spiny aloe-looking plant at windows because it would make for a painful experience if you wished to break in at that window.4) Also consider completely selfish motives.