Being the landlord you can control or adjust the rents to dictate what you need.I hope that helps.

The advantages I see with that are that you can bring in expertise that you lack, along with being able to take advantage of some economies of scale.On the other hand having 100% of control of a deal and not having to answer to anyone else sounds divine.Curious what BP thinks about this.

Vacancies, inspections, pest control, repairs, maintenance, appliances, poor management, Section 8 abatements, and other things gobbled up my cash flow and caused me to have to empty my savings account just to keep up with things.

Roy N. had very practical advice and I agree completely.

Unfortunately, I am not licensed to practice law in your state.

Specifically, I'm looking for a fixer duplex/triplex to owner occupy one unit and rent out the rest to start out with, something around East LA, USC, or midcity (not rent controlled), under $700k.

It is good business practice to manage your liability so it may not infect your outside assets, such as your personal residence.

Although more expensive here in SoCal, I leaning toward investing here for more control on the investment and more appreciation.

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

You'll need to look into your state laws, but practically speaking it's pretty simple.