hi bp community, i am a newbie in los Angeles looking to do my first deal this year.

I just bought a duplex in Los Angeles which has a large backyard I am thinking about building another duplex in the back but I’m not sure if this I covered under the new ADU law that was passed. 

@Loretta RaticaI have had similar issues with Los Angeles City and County HUD/HIP programs.

My son started a small business in Los Angeles about two years ago.  

From what I hear California is hard to start in especially Los Angeles. 

This alternative is free, and in my market of Los Angeles, at least for office and industrial, they have the majority of properties available in their search engine.

My tenants have included:2 aerospace employees2 LA commuters3 families that lost their house to foreclosurePalmdale (and Lancaster) seems to ebb/flow with Los Angeles, reaching higher peaks and lower lows. 

The project is in a good area of Los Angeles, not top tier but neighboring some very expensive real estate so perhaps the discount rate could drop to 8% considering the stronger market.

I am located in the Los Angeles, CA area.The property that I am looking at is a duplex (zoned for three units - third unit could be built in the future), with the main unit (4 bedrooms, 2 baths) currently owner occupied and a separate detached unit (2 bedrooms, 1 bath) currently renting for 1300/mo.The property price is $375,000 (will place $75,000 or 20% down)Mortgage with taxes: $1,837Current stated operating expenses (excluding tax): $280/moThe front unit should rent for between $1700 - 1800/moTotal projected monthly rent - $3100Total projected monthly expenses - ($2120)Total monthly cash flow - $980Am I missing anything in my calculations?

Im located in Los Angeles and ready to learn.