Finding the 1 Percent Deals

[Benjamin Hewitt]

Second post! Here's my introductory post: Benjamin's Intro Post

I'm still building my knowledge and appreciate, so any and every bit of feedback and perspective is appreciated!

TOPIC: Finding the 1% Rule

I'm a fan of this guideline (The 1% rule). I don't want to get bogged down with too many details as I try and make my first purchase and this seems like a good cornerstone. I feel paralysis by analysis could become a real thing! That said, it seems impossible to find in my market (San Diego, CA) without purchasing something in extreme distress. I'm open to other markets and would eventually want to buy in the following areas:

CALIFORNIA: San Diego, Anaheim, San Luis Obispo

TEXAS: Canyon Lake area

Questions:

1. Are there ways to find markets that offer the 1% rule? I'm open to just about anywhere that makes sense (knowing that being absent from the area can make it harder to manage)

2a. For more expensive markets (i.e. San Diego) is there a modified rule similar to the 1% rule?

2b. If there is, what caveats are there to consider?

Thanks in advance for reading and responding! You are appreciated.