You have to include the cost of your time and the work, especially on a "scary house" is daunting indeed. 

Only luxury single family houses will be built. 

If you come across a better opportunity here in AZ where if you can take your 1M and turn it in to 1.2-1.3M ( maybe a value add deal) sell the house, take the equity and use it to get a bigger return.

If you aren't house hacking, multifamily deals should be profitable (maybe not in CA).

After 20 years in real estate and working with a lot of military investors, I can say house hacking is a great fit for you.

Hello all,I just closed on my primary residence with an FHA loan so I am not able to house hack since I am obligated to live in the residence for a year.

This means that your permanent residence is excluded (except if you are doing a house hack in which the part that is rented out is eligible for cost segregation).

House have good layout, good area, great schools, price point was fair for that area.

Hi All, any input on renovating a house and possible tax exemptions under an LLC?

We plan to stay in this house for more than 5 years unless another great opportunity arises, but maybe it is best to allocate a bigger portion of savings to our real estate investment savings account than our home improvement savings account for the first few years.