You should post this on a local forum where LA based investors can chime in.

With transactional funding a lender provides funds for you to purchase the property with no down payment at the contracted value based on the end buyer qualifying for funding.

In some instances the premium rents for the larger units combined with the lower construction costs of the larger units performs better but its circumstantial based on the building characteristics and market.

I wish you well as you embark on your real estate-based wealth-building path!

Based on your primary focus, you can then begin your journey. 

I recently made a vague 5 year plan that is based off of one of the plans from "The Book on Rental Property Investing".

It's possible both applicants ghosted because they found another property but based on your previous issues with the management company it seems more likely they slipped away due to incompetence.

@Bien Nguyen - Having compared what airdna reports for revenue vs what our properties are generating here is what we found:--airdna doesn't differentiate between blocking calendar for maintenance or personal use and a revenue generating rental--same with discounts for weekly and monthly and one offs.So in most of our properties it is inflated by 10pct but in others where we do month and longer rentals it's inflated 30sh pct.Also - the projections are based on historical data and in many markets due to competition it is decreasing....not all markets but many.

They have a rental market dashboard that you can create based on specific criteria (bedrooms, amenities, etc). 

With that said, a rehabbed property could accomplish the same goal of being "Like new,"  which about 45% of renters who desire a SFR look for new or rehabbed properties.4) Based off what I've seen with clients properties, I would say avoid carpet for rentals and don't buy the lowest quality products when renovating.