It basically all but confirmed for me that anything that doesn't hit at or is really close to the 1% rule is just not going to cashflow... at least not with the inputs I am using, I could manipulate things to "make it work" but the assumptions were based on deep discounts, getting into a lower interest rate down the line, or 0'ing out things like property management.In order to run through a lot more properties I have recently transitioned to doing a bulk scrape by zip codes of the MLS to look for anomalies in $/sf and to do a 1% rule check. 

Remo F.

House hacking and BRRRR-ing are the best ways to catapult yourself to success.

Quote from @Colleen F.: Have to wonder in California what happens if you don't consider a fence a benefit or your neighbor wants a really nice fence and you don't. 

@Justin F.

Quote from @Richard F.: Aloha,It really depends on local rental market...check the ads for similar properties to see what most of the other rental units are providing.

Quote from @Richard F.: Aloha,If the building is 100 years old, and you already know that some significant wiring will need to be run for AC, odds are ALL of the wiring needs to be updated.

If the property has had difficulty selling, then you may be able to get a "better" deal through O-F.

@Richard F.

Quote from @Colleen F.: @Bruce Woodruff  you  forgot the California proposal to charge electric rates by income.