I do not believe that I personally could achieve the 1% rule on either property on a monthly basis, but annualized, the rents will likely be 8-9% of the total asking price for the properties. 

Prohibits an RGB from setting longevity rentincreases.Part D: Repeals High Rent Deregulation, which allows units to be removedfrom rent regulation upon vacancy after the rent achieves a high rentthreshold; and Repeals High Income Deregulation provisions, which allowsunits to be removed from rent regulation if a tenant's income is$200,000 or more for two consecutive years.Part E: Sets the Preferential Rent as the base rent for the duration ofa tenancy, but preserves regulatory agreements that allow for legal rentincreases.Part F: Allows HCR or a court of competent jurisdiction to look back at6 years of rent history when determining rent overcharges, or a longerlook back period if it is reasonably necessary to make a determination.Eliminates the ability of an owner to escape punitive damages where theovercharges were willful.Part G: Enacts the "Statewide Tenant Protection Act of 2019" to allowany city, town or village to opt-in to ETPA and provides the appointmentof the members of the new RGBs to be done by the opting-in munici-palities.Part H: Amends the maximum collectable rent increase formula thatapplies to Rent Control units to set annual increase at either an aver-age of the last five years of RGB increases, or 7.5%, whichever is less;and prohibits Fuel Pass-Along charges for rent-controlled tenants.Part I: Reforms the personal use exclusion to limit the number of unitsan owner can take out of rent regulation, and requires the use to be animmediate and compelling necessity for use as a primary residence.Part J: Ensures that units rented by nonprofits to provide housing tohomeless or previously homeless people revert to rent regulation at theend of the use by the nonprofit, and that the previously homeless personor persons are treated as tenants for purposes of the law.Part K: Major Capital Improvement (MCI) & Individual Apartment Improve-ment (IAI) Reforms*Limits approvals to work for essential building functions and otherimprovements (e.g, heat, plumbing, windows, roofing); exclude mainte-nance.

@Brian Wolf There are always deals to be found even in a hot market, so be patient and keep looking.

So the land appreciation portion should be heavily considered.Since the 08 crash, the SF Bay Area market has experienced tremendous growth of 6-10% annual appreciation beating 90% of the markets in the US. 

I am hesitant to open a credit card as there is an annual membership fee. 

Pretend you're applying for a job with starting pay scale of $250,000 annually. 

great idea .. sadly as soon as it gets to Tom Wolfes desk it will be promptly vetoed .

Imagine if you put $1200 into a deal and got $100 back every month, that would be 100% return annually.

Purchase price: $385,000 Cash invested: $324,000 Single family home in very good residential zipcodeand in one of the best communityUpgraded the home by spending 60Know rents for 3050 = annual rent 36600annual taxes & insurance 14000net return 22600Cash on Cash return 6.975 %current market value 585,000 What made you interested in investing in this type of deal?

Mortgage $450 (5.5% rate, 80k mortgage, 30yr fixed)Taxes $167 ($2,000 annually is what I pay for my rentals in Florida)Insurance $80 ($1,000 annually again is what I pay)TOTAL Monthly Expense = $701TOTAL X2 = $1,402 If you can find a 100K house (that's appraised value is also 100k) that rents for $1,402 that's a big home run.