Your so close I would wait it out, maybe someone else will chime in with a more definitive answer. 

Similarly, I've seen posts saying that meetups are a more viable option to find serious partners.This is coming from someone who's spent most of their time on the side-line reading and watching, so take it with a grain of salt :)

For example, the hourly rates for a metropolitan market are generally higher than the hourly rates in a more rural area.

Remington is a more established neighborhood.

This way it doesnt affect your NOI, giving you a more valuable asset. 

That is why cap rates are lower because developers and investors want to be compensated for the time and work involved handing off a more passive asset with national tenants versus mom and pops.

@Greg CallanWould not do it.If it's your first deal, there are probably a lot of other variables that's missing and your ability to comp is probably going to be way too optimistic.If you knew the market and have done a few deals there and know that you'd get some sort of appreciation or that $850 comp would actually work out or that you can somehow get it to $1050...then it might be OK.But I'd underwrite it at $750 and 60-70% expenses.A 900 - 2149 - 268 would be a more conservative estimate.Depends on your risk profile and how confident you're gonna be able to be right on the dot with your first go at underwriting a deal.

To further this topic, do you use the 2.5x and 3x as blanket criteria for C and B class neighborhoods or do you also consider sub-communities (e.g a nicer complex in a C area or a more run down in a B area)?

The bank is going to probably prefer using a more conservative pro forma for a newer investor, so make the numbers work @ worst case. 

It is in located in California, but in a more rural area... with hardly any other homes around.