FOMO - this is your chance.

Is there anyone who can prove or disprove this with their own experience?

Those are the only features I have used so far.

So now that you understand what type of owner you are looking for you can go to realist and use the Non-Owner Occupied search feature, and find unlimited leads for marketing.  

I have no development experience but 2 clients have built permitted ADU's in adjacent LA (90047), and both were under $130k, with your quotes a 800 sq ft ADU would be $200k. 

You may find 10 properties that meet your criteria one year and none in other years. 

With regards to issues involving the contract, it's literally "Charlie Brown teacher" to my ears.Also, only offering MTM leases allows you to more easily mitigate a tenancy where someone is acting incongruent with your initial impression of them.

@Liliana Galayou will need some of your own cash - there is no way around it and borrowing 100% is high risk.also - not to discourage you, but to help you - flips are tougher than as portrayed on HGTV. 

Your success in real estate will be determined by you ultimately.

According to most courts, this amount needs to be kept reasonable, which means less than 10 percent per month.Generally speaking, as a landlord, you will need to give your tenant about five days' grace before considering the rent payment late.