Let the number dictate if you have a good deal or not.  

There are too many laws that dictate what your responsibilities are.  

@Brent Langlois  all title companies are different.there are a few in PA were I was selling some prop.. and they would not accept wire instructions unless I was physically in there office dictating them  in person.I said well that's kind of tough being I am in Orygun... so they fed ex a check.I don't like checks from small non national companies there was a title co. in Texas that went busto and many folks lost tons of their proceeds as the money went missing and company closed its doors.. so I 99% of the time want my funds wired. 

What does the neighborhood dictate.

I have always allowed 1 dog, but the market dictates that to me.

Try not to spend an exorbitant amount of time on that as the deals will dictate much of the conversation but I hope the helps.

We were looking at what this flip could be instead of what the surrounding market dictated it was.

1% is more realistic, the higher the better, and hopefully 1.5 or 2%.The reality is that having sufficient rent to generate positive cash flow dictates what you can pay for a property as opposed to the price of the property determining the rental rate.

These comments are also specific to our market in south LA - I understand there are different market conditions that dictate the relevance and best use of these ROT elsewhere.I belive it is best applied as an exit rule that relates to return on equity. 

Your saying that if you rent, you automatically have a lifestyle that dictates not creating wealth and not investing.