Then once you figure out your exit point for the condo you sell and can still 1031 the remaining equity into another better cash flow investment.So I guess I'd think about taking it in stages. 

. - Realistic owner financing seems like a mythical unicorn at this stage haha.

Someone in a Facebook group I'm in posted pictures of their house's staging.

I'm in the early stages, working with a designer to figure out the layout and getting quotes from contractors (so any other general thoughts on folks who have gone through a similar process in LA also very welcome).My question is - I'm sure property taxes will increase once that becomes livable space.

I am still in the research stage and saving money while learning the ropes.

And I am aware that wholesaling can lead to better advanced stages/goals you hope to achieve.

The PM should know that....Appliances....it rarely pays off to spend more than $200 or so to fix a fridge, stove, freezer...... better to just replace them at that stage.....PM should know that...... approving $800 worth of fridge/freezer repairs ina  2 week span is stupid....PM should know that....Pests...if you have repeat calls on pests..... need to get to the source of the issue which is often tenant hygiene..... and better to address that and hire a monthly service for prevention.

It's good for me because I can be a part of a deal in the early stages and get used to talking to owners.

Just be aware of several things.  1st we are late in the growth stage of many/most of the cash flowing markets; 2nd turnkey will be meaning you are buying at retail prices and need to expect to hold on to that property for at least 10 years; 3rd: the success you have will greatly depend on the quality of the team you work with, and particularly the property management; 4th: choose wisely and vet thoroughly - which I think should include a visit to the market and to meet the team and see the neighborhoods they invest in and the quality of their rehabs; 5th: don't be taken in by what look like better numbers on lower priced properties - these rarely work out well. 

At the south end of the property are 15 acres set aside for an elementary school.....Most of the talk (at the recent meeting) centered on the recreation area that will include a soccer/multi-purpose field as well as tennis courts and basketball courts, rest rooms, and parking over a 6.25 acre parcel.....Grand Avian Parkway will have a five-foot wide landscaped median, 5-foot wide sidewalk on the east side and an 11-foot wide bike path/trail on the west side.