I am familiar with the 1% rent rule which would imply that I should be looking to get around 3500-4500/ month for a house in this price range.  

If it produces more energy than it consumes then the building is Net positive - though Net Zero is too frequently used as a blanket term to cover both these cases.Ironically, Net Zero does not automatically imply higher energy efficiency - there are several examples of commercial buildings with large expanses of flat roofs (i.e. warehouse) which are net positive, despite the building itself being horribly inefficient.Building standards in North America are woefully outdated on matters of energy efficiency.  

This implies that I can purchase neglected properties, rehab, and have additional appreciation (more per unit than many other parts of the country).- most cash flowing places are appreciation challenged.  

This implies that you are likely to stay more than a few years. 

Are you implying that it's a huge headache once a part owner is foreign? 

To say only you and 1 other person have the right idea implies everyone else has the wrong idea.

Does that imply you're billing your tenants for their individual water usage?  

If he had a LOC already setup, he would not need to call the bank but just write the check.The call implies he is going to apply at that time.

And no, I never meant to imply lying on an application!

@Jay Hinrichs   Wasn't trying to imply not to follow the rules of the FREC and NAR Code of Ethics.