If you are looking for cash flow first you may have to stay in Milwaukee or look into lower priced properties in the fox valley.

I agree with @Kevin Fox that 70% deals in San Diego are rare for any straight rehab.  

@Ryan Fox  what you describe is paint and carpet and general cleaning.. with new floors through out and a stove5 to 6k..

@Ryan Fox I did not end up purchasing a property with AREI.

I highly recommend Steve Schultz at Blue Fox Properties, message me for his contact info if you'dSteve is the Broker/Owner at Blue Fox, he has been the National President of NARPM and still teaches PM classes.

I was just contacted by Fox Corporate Housing about a property I currently have for rent. 

@Jason Fox - first things first, 1%/2% "rules" should never be considered a lock in any way.

HI @Stuart Fox, I'm an observed in this space and hope to be following in your steps soon with some big hairy rehabs in the small-medium apartment space!

Justin Fox Genius!

You might say its where the cancer begins, trying to out fox the regulatory requirements that were set there for a reason is not the way to conduct business. :)