I actually like the suggestion you gave for the second home, I just don't know how I would swing it since we're targeting it as an add the the investment holding company as opposed to a solo purchase for myself. 

Hi Everyone,I have a unit whose gas wall heater just got tagged by the gas company for leaking CO.  

Call up all the title companies in the area and see what they have to say.

For plans that will pay off later, get into house hacking, save money for a first payment, meet people in local real estate groups and find a mentor, and put money into things that earn without much work like stock index funds or ETFs.

When companies or properties are not self sustaining, you would initiate an "owner contribution" to cover any expense the business/rental property could not cover. 

I will soon have some funds (hoping between $100k-$150k) to be able to purchase my first rental property. 

No property management company in LA is going to help you rent by the room.

Moreover, there are leasing companies such as PadSplit and HomeRoom who implement this daily, but for your property size/scale, I don't believe they'll be necessary. 

Leasing out property to a management company.

As a result, we're calling another appraisal company out and it's going to take a few more days before we wrap up.