Favorite communities are:Windsor at WestsideParadise PalmsSolterraBroadening my budget a bit to 200K-350K, hoping for 4-5 bedrooms with its own pool (open to townhome or SFH.)Anyone have strong feelings about these communities? 

You can buy a BUNCH of insurance for that.I personally like having an LLC, but if it would save me $850 per month on each house I own I hold them all in my personal name lol.

What's up Jay,Given your situation, here are a few strategies you could consider to secure the rehab budget while respecting the seller's desire to maintain a first-position lien:Home Equity Loan or HELOC:If you own your primary residence or another property, consider tapping into its equity through a Home Equity Loan or Home Equity Line of Credit (HELOC).

Investing in LA begins with your own abilities as an investor.  

Will your partner be upset because you are getting the better end of the deal living rent free(assuming you aren't paying rent).What if only your name is on the mortgage and deed, then the tax documents will all fall on you and your tax return and not his which makes it more complicated trying to shift income to him.If there are two people on the mortgage, it will impact both your DTI ratio's equally in full hurting both of your abilities to get credit in the future until the property is sold.Why can't you do the live in flip on your own?

I’ve owned my condo in Jacksonville for almost 2 years but never considered renting it out until I moved out.

We both currently own our homes for a couple years.

After several years investing as an accredited investor, I’m moving to building my own portfolio of SFH and small multi-family that I control and add tax and passive income benefits for additional investing.

Are you going to have profit after owning it less than 2years? 

I funny story...when my wife and I put in a pool a couple of years ago we decided to get a HELOC as I can't do my own HELOC here at my mortgage company.