When the underwriter has to sift through operating agreements to determine who the members are and struggles to understand who possesses ownership interests that trigger that particular lenders guarantee requirement you are doing yourself more harm than you are good. 

I would get quotes first and then decide what to do.

My quick advice would be to start small and do your research.

You can usually find some events by doing a simple google search.

Inglewood city says they do not have a method for removing the unit from "available for rent".

I'm having trouble figuring out how to do this in excel.

This is the unwavering legal document that says who has do what, when they have to do it, and how they have to do it. 

If so, what advice do you have for other real estate investors?

If you've got enough runway you could do a 1031 exchange into a nice investment property. 

Hi Grayson, with you mentioning conventional 5% down and FHA 3.5% down, it sounds like you are referring to a primary residence.Private Lending/Hard Money Lending is usually on investment property (We can do primaries but it is highly regulated & varies state to state so most refrain from it.)If you are looking to get into a flip, long term loan, whatever it may be.If you have no experience & a solid fico, rule of thumb is 20% down.Hope that helped :)