I would add....does your partner have rei experience?

I see you just started investing in Los Angeles, did you have prior experience flipping before these two houses?

There is a lot that you don't know, but house hacking and managing the property yourself will give you that step, not leap, into property management where the mistakes you make will come with far smaller dollar signs and very valuable learning experiences.....and of course, you keep you hard earned rent in your pocket which will only help you moving forward.

Has anyone gone through this or have any related experience? 

Contractors experience gives us insight where to look etc.

Get the benefits of the primary loan, low downpayment, beginner experience as a landlord, etc. 

Eventually as you get more experience and capital cushion the fear gets less.

Sounds like many on this thread have experience in the area.Thanks in advance,Bob

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