I imagine you trade the (relative) ease of the process for a smaller cash flow correct?

If I were an electrician I'd be looking to barter electrical work with another trades-person.

I've got a good feel for how garden or mid/high rise and C/B/A class are trading in this market but not this style. 

I'm a property manager by trade and would be happy to help if you have any questions on that side of the business.

I'm also a carpenter by trade and have been working on this property a lot.

As a landlord, if you receive knowledge that there are additional occupants not listed in the lease agreement, your lease should state the consequences - typically increased rent and/or eviction due to breach of lease.I can imagine, especially in Los Angeles, where someone might think it's a good idea to state maximum occupancy as soon as possible, but I would be hesitant because, again, there is no fixed rule.

If you've taken the asset to it's peak/plateau and/or are ready to trade up and move on, then look at a sale.

But I did come close a couple of times, what I found was you wanted the investor to really be a partner, otherwise you run into a bunch of tax consequences related to syndication and passive investments. 

I have money in an E*Trade IRA and want to transfer it to a self directed IRA for a down payment on a rental SFR.

Learning the trade has a learning curve in itself.