I'm just wondering what some people's rules of thumbs in the region are for like flipping or rents.Bigger Pocket guidelines are usually like 70% rule of thumb for flipping and 2% test for BRRR.The Bay is kind of a special child, so was wondering what kind of numbers people look for here?

My wife and I have partnered with my parents for our first buy and hold rental property and we are eager to find our next opportunity.

The money from the hard money lender was not going to be available in time to meet the seller's deadline (I'd already paid him $500 for a two-week extension), so I cashed in my IRA and borrowed money from my parents to buy the house.

The parents upstairs said they have no idea what would be causing the noise.  

To 3 different houses, my own my parents and a friend.  

I would hate to make a mistake and have my wife and child suffer because of it.

I'm not far from you right now, just up north in Redlands visiting my parents. 

As you probably know, a child under 6 cannot live in an apartment that contains lead paint, and you cannot turn someone away because you don't want to get a place deleaded (of course there are always ways around it)Also note that once you test for lead, I believe (could be wrong) that you will always have to disclose that information to someone.

There are a couple of units where the landlord pays the utilities (aka my parents) but when I walked by the property last week I noticed they have window air conditioning units.

Examples of income of this type include income from hourly workers with fluctuating hours, or income that includes commissions, bonuses, or overtime.History of Receipt: Two or more years of receipt of a particular type of variable income is recommended; however, variable income that has been received for 12 to 24 months may be considered as acceptable income, as long as the borrower’s loan application demonstrates that there are positive factors that reasonably offset the shorter income history.Examples of positive compensating factors that we like to see (1-3 will generally do it)...Employed in same line of work.Makes sense from a common sense perspective, like someone is returning to the workforce after being a stay at home parent for a while.Recently finished some training or education program that lines up with the new line of work.Low DTI.Great credit.Income trending upwards.