This would greatly increase cash flow and create equity.

Having a group of friends living in an apartment complex creates a sense of community and reduces turnover.

Private lenders or even creating a small syndicate with a group of investors might also be worth exploring, especially since you can point to your uncle’s track record and your own experience managing rentals as a selling point.If timing is tight, you could look into a bridge loan to secure the property while figuring out a more permanent solution.

Being a one stop shop for mortgage, real estate, and property management helps us save our clients $$$ and they only have one company to deal with and one contact saves time and creates an unmatched synergy.

That move created frustration on my part and the seller and had to amend the original contract.

What I wrote above does not create an attorney/client relationship between us.

What I said in an earlier comment about "section 179 can't be used to create a business loss", that wasn't entirely accurate/complete. 

And LA County already has laws dealing with any lot created prior I think to 1924 or 34..

If it's just slapped in the backyard, i'd imagine it may not make a big difference but if you create an environment around it, it could be different.   

That move created frustration on my part and the seller and had to amend the original contract.