Owning a Rent Controlled or RSO Property in Los Angeles

[Josh Wallace]

I am looking at purchasing a property in the Los Angeles area that happens to be rent controlled. The property will be purchased vacant where I would live in one unit and do some value add updates and have my choice of tenant for the other unit where I can charge market rent from the beginning.

Does anyone have advice or pointers from owning a rent controlled property? 

[Lee Ripma]

6k would be a bargin! My landlord in LA has a tenant he has offered 75k to leave, guy won't do it! 

I rent in LA and invest out of state. I would never be a landlord here!