The 5/1 adjustable-rate mortgage (ARM) rate is 3.300% with an APR of 4.040%.

But if you want to get the best risk-adjusted returns, then partner with someone who has the experience who can offer the cash flow AND greatly reduce your chances of losing principal. 

Should the lease payment adjust annually or less frequently?

Rent is still due on XX per your lease date, and the due amount will be  XX with the adjusted $150 credit paid in advance.  

Keep your insurance, just have them adjust yourautomobile to fewer miles or just comprehensivecoverage.

Im planning on paying for it and having my attorney clear any adjustments I want to make to it.  

A HELOC cuts out the 3rd party and makes it easy to adjust terms personally as you go. 

One method used is a percentage of construction costs this percentage tends to range from around 4% all the way up to 15+% with the scale of the project inversely effecting the percentage used (bigger projects = lower percentage) after that baseline is established most folks will look back at how long it usually takes to do these projects as well as the client relationship and will adjust accordingly to reconcile these figures.

When you factor all factors in its not a home run, but with the mkt pressure you will probably not find many on mkt home runs in LA, and with steady rent increases over 5 years and a few adjustments your numbers can improve. 

I bought a house in Seattle that was built on the lot line and someone previously got it adjusted to include the required several feet for fire safety space.