Also, I offer furnished short-term housing and know others that do as well if you haven't lined up a place already.

They should take pictures and video inside and out plus the neighborhood periodically. 

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.