I have already priced it slightly above comps, and yet people are willing to pay more, have a longer lease and/or pay from 6 months to a full year in advance to secure the property.

@Nathan G. what about security deposits?   

Also take a look at the grading of the surrounding ground to make sure water flows away from the house, not to the house.Siding can hide many damages, if you see patches or cheap siding recently installed, it is time to start asking , what and why.HVAC, how old, how old is the ducts, take a peak in the the registers, how dirty they are, HVAC handler closet, look for mold in this area, the condensate water drain condition and where it goes.Electrical panel model and manufacturer, google it for recalls.Floor carpet if any, I hate carpet because it hide damages and if it is secure you cant pulled it to look under, look for stains or cold spots, that is an indication of a wet spot. specially near baths Kitchen or egress doors.Kitchens and baths, old or new, try to look behind frig and dishwasher, they hide a lot of  water damages and are very subjectable for mold growth.

Pay out mortgage, taxes, insurance, utilities, maintenance, management fees, etc.Savings: transfer the security deposit(s) from checking to savings and hold them here so you don't accidentally spend them.

I WAS by no means a security camera enthusiast.

Total out-of-pocket for me per month would be $555 based on the $5255 (downpayment + CAPEX + utility + other expenses like insurance and security) breakdown above. 

I'm in Los Angeles, have plenty of equity in my personal home, and am looking to secure a small LOC of $50k-$100k.

The LLC comes in very handy for larger investments, particularly at the commercial level where it becomes much easier to secure financing through the entity. 

When I started paying social security they said I could retire at 62.

I'm in Los Angeles, have plenty of equity in my personal home, and am looking to secure a small LOC of $50k-$100k.