Quote from @Jimmy Lieu: Quote from @Andrew Syrios: The BRRRR strategy is tough these days (I even wrote an article about it that goes into more detail a little while back: https://www.biggerpockets.com/blog/beyond-brrrr-taking-advan...)In short, high interest rates as well as labor/material costs makes it hard to buy a property with debt and cash flow. 

I'd strongly recommend against a single family home and only target properties with at least 2 units otherwise it'll be difficult to cashflow in this high interest rate environment unless you plan on using a large amount of liquidity in the purchase.

.), and continue to educate myself on NOI, Cap rate, cash-on -cash return etc.BP community, I am open-minded, willing to take initiative, always willing to be taught something new, but also ready to share any experience or knowledge I have that can help someone else. 

That would knock off 4%-ish from the federal ordinary income tax rate...More info from FTB: Help with pass-through entity (PTE) elective tax (PTE tax) | FTB.ca.gov

I was looking at procuring the flooring from Costco for around $2/sqft and having a local installer put it in, but I should check HD and Lowe's to see what the comparable rates would be.

The deal doesn't work as well with higher interest rates.

No issues and tenants are renewing.That indicates tenants were paying below market rates.If the market rate for a 2-bed/1-bath apartment is $1,000 without utilities included, then he should adjust his rate to $1,100 because it includes $100 in utility cost.

If the index underperforms—or if caps and participation rates limit returns—you might not get the growth you expected.4.

Some areas are more expensive than others but those usually tend to have higher appreciation rates. 

It's a super affordable real estate market where you can still find deals that hit the 1% rule and positive cash flow/great cap rates.