With a 3-year timeline in Los Angeles, it’s wise to weigh the long-term return on buying in a high-cost market vs. investing elsewhere.

@Arshiya Taami Your best bet is to go work with a local multifamily realtor/broker in Los Angeles who is also a local investor themselves and owns multifamily in Los Angeles, that's really the best person that can help you. 

You can find Los Angeles meet ups by searching the events tab.

I'm not sure what AZ has incentive wise but in Los Angeles because there's a housing shortage there are some incentives that you can take advantage of like...CalHFA ADU Grant ProgramThe California Housing Finance Agency (CalHFA) offers grants up to $40,000 to cover pre-development costs such as architectural plans, permits, and utility connections.

Quote from @Junior Maravel: Hello everyone my name is Junior, I live in the los angeles area working in the medical field.

I have a slight variation on the question:For context, building some 2 bed2 bath Spanish modern style ADUs at my property in Los Feliz, Los Angeles, CA.They are intended to be luxury ~$4K/mo units.Given they are "luxury" units do you think we will be able to get away with LVL?

I'm new to real estate and am moving with my husband to an expensive market (Los Angeles).

I'm a contractor in Los Angeles though I can't travel to you and do t the work.

Unfortunately they are retirees in Los Angeles paying an affordable rent controlled amount so they are hesitant to leave.

Explain your service and how you keep their expenses low while maximizing their rental rates.In Los Angeles many landlords are looking for property managers that know the rental laws really well.