Schools are not great.I would not consider that area anywhere close to AT&T stadium, but maybe closer than CA. 

1) 50% rule is a well accepted generic approximation 2) hundreds of underwriting has shown it to be fairly close for my underwriting for a SFR purchase in San Diego.  

Additionally, involve a real estate attorney to ensure the transaction aligns with legal requirements and protects both parties’ interests.

From there we identify properties that could have some potential and if you are interesting in diving deeper, 1) we do a thorough video walkthrough to give you a realistic look of the property, 2) we give a ballpark estimate of rehab costs (we do 40 a year with our GCs o we will get pretty close), 3) we talk through market rent with our property management team, ARV, and potential highest and best use.Ideally you find great investor agents who know their market really well and have a network of resources to provide you with enough confidence to take reasonable action. 

I am wondering if anyone has ever taken legal action against property managers, and if they think we have a potential case? 

It won't be 100% accurate, but it will be close enough.

Because we have been in growth mode acquiring properties with closing costs and rehab costs our business has been operating at a loss on paper each year not having to pay taxes for the business. 

Not wanting to sound like an attorney, but companies like the teaser because they are on firm legal ground: so long as company clearly tell consumer prior to purchase when they must cancel by [knowing statistically enough will not comply in time to make the teaser marketing profitable] be it rebates on computer software that many folks will fail to mail in, or real estate CD w/â€mentoring†or whatever that some unfortunate folks will not timely cancel, or Chrysler minivans forget to return….Legrand was very ethical each time I or my partners have tried his teasers [no Mr.

not an expert at this.. but the few times i have rented STR I don't even look at reviewsI rent by price.. as its usually for a fishing trip and I just want a bed bathroom and close to the lake or river LOl could care less about a review. 

That buyer didn't close and they came back to me and offered $197,000 price.