It is definitely not the most favorable market for long-term buy-and-hold properties with attractive rates of return.I've been investing out of state since 2003.

Maybe as part of the sale some agreement can be recorded that specifies that the second tract will be for us to keep when short plat is finished?

Can't assign contracts on a short sale.

I was considering a short sale but I'm not behind on payments or anything.

(I'm also very familiar with rent stabilization laws since I work in housing policy for my career, so I'm aware of how that offsets a lot of upside potential, at least in the short term.)Is this "Sub-1% Rule" just something you need to accept as a buyer/investor in LA?

We got our offer accepted on the house in February of this year on the short sale.

I'm on a fact finding mission to determine the best way to start a new company for short term rentals and trying to determine the best practices to do so.What is known thus far:- I have to have a RE license in order to manage properties for third parties when accepting commissions for bookings.

Also, you get taxed as a short term capital gain which eats up a ton of profits.

I would love to be able to leverage my own equity to finance this project, but short of doing 5 HELOCs, I am unsure of how to proceed.  

Your's will have to be re calculated and increased accordingly to positively impact your ROI and cap rate.This is where most MHP investors fall far short of the mark.