It still is very possible to find properties that meet the 1% rule without much difficulty; but it’s also tougher now to find a mortgage for anything valued under $100k – regardless of condition or P&L.To me, the shenanigans Code Enforcement continues to play on a new owner after a sale plus the recent increase on the annual rental registration fee really discourages buying more in the City.

A more typical rule of thumb is to budget 10%–15% of gross rental income for maintenance and repairs over the long term, depending on the property’s age, class, and location.

The straightforward method is to do everything yourself, as in my example above.

Asking in the correct forum will get a better response.Read the RULES!

They actually failed to pay taxes in 1983 as well according to the follow up article below. 2 years later in 2017 the County reversed the sale voting 7-4 against “these out of town speculators trying to make a big payday” and for the fine people of their district. https://www.sfgate.com/politics/article/SF-supervisors-to-vo... well if the county sups could unravel it then the rules have certainly changed from my days of buying CA tax sales in the 60 70s and 80s.. once they went to bid 4 assets and away from the live auction the screaming deals were done.

I am going through the regulations and restrictions in that place (not a closed community but there are some rules).

Unless your all cash (no HML or PML), the 70% rule minus rehab is still my go-to rule of thumb.

What I've seen before is the only time rules are enforced are when neighbors get pissed (ie STR neighbors).I would side with caution on this, especially if it is a newer built community where the rules are fresh with people. 

I'm also bringing another investor (Strong) who will take out a loan for the 250 Be careful of the various rules.  

There is plenty of good turnkey properties on the MLS for sale that would cashflow using the 1% rule and you wont have to overpay for them on a "promise".