If not, are there non-construction options that would be a better return on investment?

Not sure if I can refi OUT of my retirement vehicle, but if I can, that would definitely be an option. 

We are looking into buying with creative options such as using a wholesaler, putting more money down, and house hacking.

With rent control laws in Los Angeles, as I see it, options to increase rents consist of:a) Cash for keys.

It's an out of state property, so going to check it out for myself isn't a viable option. 

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Alternatively you can grant someone "power of attorney" and they can sign for you in the US. 

Interested in Lease Option/Rent-To-Own deals.

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First and foremost, the city has maintained a reputation for housing affordability, making it an attractive option for both investors and homebuyers seeking reasonable property prices.