The other one is pretty high, but I see you are in Brooklyn so might be reasonable.

I have 100+ deals under my belt, so not really a beginner.Thanks!

And rarely will you net as much or more from an investor than you would from  listing with an agent.Interveiw agents commissins are negotiable so negotiate those.. and these are very simple transactions so any competent attorney can reveiw the contract etc..

(This is what scared me a lot) So in terms of BRRRing here you will need to find burnt down buildings to be able to make it work to bypass the rent control requirements.

My husband is a contractor and that made things so much better when assessing properties.

Looks like no one hopped on this thread so I figured I'd answer.

He says he would normally charge 150,000 for the job so why would he take only 150,000 profits? 

So, it does not qualify for traditional financing or USDA financing.

You can explore the list of California "non-conforming" rules here:https://www.ftb.ca.gov/forms/2022/2022-1001-publication.pdfWhy did CA decide to not conform to (in other words, ignore) so many Federal tax rules?

I switched to Baselane, which is a banking AND bookkeeping platform and it has been so much easier for me to manage myself.