I would suggest house hacking (buying a home with multiple units like a 3-plex) and getting the rent from the other two units to cover your own housing expenses.

After a week of grief, and expenses, I looked over my lease, and cited where my tenant had fallen short of it. 

Obviously, LA is one of the most expensive markets in the country.

Hello, For those who do rent to own in California or other expensive markets (NYC, DC, miami), how do you find your tenants buyers?

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

For context, this place and the other calc I posted in another thread are in a very desirable, residential area next to an Ivy league school and all the grad school- the tenants (I was one a few years ago) are very high quality, its largely grad school/professor/staff rentals, and the home values historically have been largely immune to changes in the housing market- and probably as such, they've gotten really expensive.

I was considering going through AirbNb but some of the members here advised against, due to the potential for damage to my (expensive) furnishings.

But home insurance is very expensive in this state.

We never know if the place will always be fully leased or unexpected expenses come up to cause the DSCR to be lower for that one year. 

@Laila Ea Looks like several of your expenses are under-estimated, vacancy should be about 8% to give you 1 month of rent saved up each year, CapX of 5% seems low, typically that would be around 10%, and management of 4% is definitely low, usually companies charge you around 10%.