Anyway, seeing as you are on an REI site, you will probably be advised to seek a property that you can landlord as well as occupy.

I will seek alternatives for PM.

Seems really complicated and at the end of the day you're trying to obscure the true use of the credit your seeking.

Nic, your profile says 'Lender from Chandler, Arizona' but you're seeking a lender in your post.

I'm currently seeking referrals for investor friendly agents as well as an attorneys to work with for purchasing buy-and-hold properties. 

Speak to him about raising the rent to $850 and allow him a couple of month to find another place to live while you seek a replacement tenant that can afford the unit and that will not be a financial burden on your investment.Now is the best time for you to decide if you are investing as a business or as a charity.

You will be self identifying as an inexperienced person, perhaps someone who has never done yourself what you are seeking an experienced investor to help with.

Specifically in South LA in these zip codes: 90018, 90008, 90043 AND 90062.Seeking depressed properties to flip. 

If you're considering getting more involved in real estate as a career, I'd definitely recommend seeking out a brokerage with educational and training opportunities.  

The value you seek is smallish, so I would look for an LTV they would like, seek terms you would like (no prepayment penalty, 20yr arm) and then 3-4 months post COE, slam your cash into the loan, it that's your choice.