It could be many other issues as well.

The biggest issue here is property taxes which could almost double a mortgage payment.

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

The clients I've worked with had issues with parties for their larger homes and ended up leaning towards traditional rentals or mid-term.

Look out for probable markets taking into account issues revolving around employment opportunities, population shifts, tendencies in renting out homes coupled with economic stability.

It's dangerous to use contracts found online if you don't know how to read them or compare them to current law.

I can get you a short term note, 4-6 months no issue.

Note that many fields are required on the forms and typically only the seller is going to know the right info.You will also be required by state law to sign a listing agreement with the listing agent.

I suspect this was not the intent of the law.  

@John O'Leary  I kind of have the same issue, but it's a condo in the building where I currently live.