Thank you for your response and opinion, My goal is to do a JV pretty much, where 2 of my partners will be funding partners and I will be on a fund managing role. 

I have an LLC that's my management company but I personally own the house (will move it to an LLC at some point).This is what I think I am supposed to do but not sure????

In general, Dave Ramsey is very good at helping people who are deep in debt and struggling to manage their money.

Self manage, save ~10%.  

Because you are living rent-free, have no housing payment, and no management history, and are buying this as an investment, you will not be able to count rental income to help you qualify, unfortunately. 

I considered SFH where I'd rent out all the rooms and keep one to myself, but this seems risky since I'll realistically be away for months at a time and couldn't manage the unit/other tenants.Then I came across some listings that appear to be hotel rooms for sale, with basically the facilities I need (a bed, toilet, kitchen), a price point I can handle (270-500k$, I'd do 20% down), and fairly high HOAs (~1500$/m?).

My father of 78 years old is declining slowly mentally, and I am going to begin helping him out manage his properties and organize his finances and properties.

I’m fairly new to the LA area and have recently transitioned into being a full time developer after several years of owning and managing multiple properties in Cleveland, OH.

My property manager told me that we pretty much can't do anything for the next 60-90 days.

Who: Wyoming Valley Real Estate Investors AssociationWhat: March Real Estate Meet-UpWhen: March 26, 2024 at 7:00 PMWhere: Grotto Pizza (Near the Wyoming Valley Mall, private room toward the back)Why: This month, in addition to talking real estate amongst the group, we are fortunate enough to have Jillian Kemmerer is co-owner Cityline Property Management Group.