Dude, do not let this opportunity slip through your fingers. So the rents are a little higher out here. Take your camera down to the beach tomorrow, get your dad some reference footage. You think life is all bitrates and signal paths? You take my advice, you'll get an education that'll last you a lifetime.
Many people in Los Angeles support their extravagant lifestyles through a life of crime. Have you considered this? After all, Los Angeles is the bank robbery and insurance fraud capitol of the world. Neither one of these take much brains or preparation. I say, go out in a blaze of glory!
Or, you could go into the movie biz. Do you know how to get a business card printed up? I'll grant you, with only a business card it may be some time before you get your first project funded, but believe me, a well-written business card will get you a lot of mileage in certain bars in Los Angeles. What more do you need?