It will be a new asset with little to no cap ex, and lower expenses.With an apartment, if you buy an existing building, you will cash flow day one, but there are other concerns, such as age, property management, debt, exit strategy.It depends upon your goals with the money, if you're trying to create income, or if you're trying to go into the business full time.Gino

Advanced Real Estate has a whole department specifically for investor relations.

I think it's a great market, but been relatively expensive.

I will mostly manage most of the work: underwriting, rehab, rentals, etc.

It also provides a library of real estate-related legal documents you might need. 

I've already invested in a duplex in NJ (I'm renting it to two families and managing it) and a single family in MI (living in it).

If you want to find people who will try to help you lose your money, telling them how much money you have and where you will be is a good way to start.You are limiting yourself way too much by focusing on LA, but with $2 million to burn you could likely find some good cash flow if you are paying cash, but you don't sound like the management type just from this.

Hire a property manager

I use Ziprent property management to find new tenants.

This is the best place for all things real estate related.