Ocean lakes in Myrtle is probably your best bet. 350k may get you a 3/2 which will gross around 45k per year. 2-3 years ago you could pick up a 4/4 or 5/3 for that price so you may be priced out but there are a ton of condos for that price of 350k although I wouldn't buy a condo there we have two 4/4's but we stole them before pricing went crazy here in ocean lakes.if your diligent you can still find a deal but is much harder now 

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

To assess the property's financial performance, key metrics such as Gross Rental Yield, Net Operating Income (NOI), Cap Rate, and Cash-on-Cash Return are calculated.

PP was 780k and they will do over 125k this year in gross rentals.

If the traditional model is used, hypothetically if gross commission for the whole transaction was $10,000 split evenly between listing and selling agent, each side would receive $5,000.

Carpet is just gross and I would change it out to tile, laminate or vinyl.

Ive got about 45 days of PTO/Sick/Vacation that is taken for the year so I work approximately 1650 hours a year at that job assuming a 40 hour work week.I am also a licensed Real Estate agent with 2 separate LLCs - General Brokerage and Property Management.Between the two LLCs, I've grossed pretty close to my W2 income.

And the income approach is not typically reliable, since 2-4 unit property rents typically vary widely, depending on many factors, and the grm's (gross rent multipliers) will reflect that, therefore, causing a wide range in values.

The management fee was around 25% and cleaning 10% of gross.

Here are some tips to help you find and distinguish cash-flowing properties beyond the 1% rule:To evaluate a property's income potential, consider alternative metrics like the 1% rule, cap rate, cash-on-cash return, and gross rent multiplier (GRM).