If  not then you would be forced with the decision to either lower your investment returns or branch out to areas of the county where those returns can be achieved. 

We've achieved financial freedom through land investing. 

There's new development like LAFC stadium, new Honda dealership & George Lucas Museum but also property prices in the area are still some of the lowest prices in Los Angeles City, favorable zoning (primarily LAR2 and up), a lot of craftsman style homes, and the councilman is working really hard to rejuvenate the local parks.

If you're in any of the rent controlled cities, not only do you have the downside risk for the value of the property dropping, but you also have the downside risk of rents dropping and you getting longterm tenants in that prevent you from achieving market rents once the prices start to rise again.If you want, shoot me a msg with your property address and I'd be happy to give you some more detailed thoughts...

My goals are to become successful at doing Wholesale deals in the short term, but my long term is to employ buy/fix/flip and buy/fix/hold strategies in order to achieve enough passive income to retire from my current job. 

While certainly achievable, there are complex rules that have to be strategically navigated to achieve that result - often attainable, but not always. 

We don't know what's going to happen, but it is entirely possible we have another 2008 style scenario where property values are cut in half. 

I have no problem giving time to bid a project I may be awarded (will only lose the project if my cost, working style, or availability are not in line with goals); however, I can't afford to give time bidding a project that a client may be unable to award, even if we’re the perfect fit (they don’t own or have the property under contract).

I have another property that has the shake style siding.

Do Certain areas have restrictions on square footage / size, architectural style, etc?