Yeah, it would be a deep cut in their asking price which is why I wanted some opinions.

- Many flippers cut corners to boost their profits.4) Why are you worried about renovation percentages, when most already done?

Finding another contractor, cutting costs somewhere in the job, and finding cheaper money (doing it all cash). 

How are you filtering opportunities down to a manageable list if the 1% rule isn’t cutting it?

As you probably know commercial lending on CRE is not the easiest task right now, then add all the complications to it...foreign buyer, new LLC, new bank accounts, etc and that probably cuts out a lot of lenders who will be interested.Also find out what their goals are to determine if what they want is even feasible. 

You’ll also pay transaction fees disposing the asset, likely in the $40k+ range.I don’t think you have a clear-cut answer here, but you’ll need to rack up all the financial trade-offs to make an informed decision.

Would rather have these renters than my buddy’s who used a chainsaw to cut the sink out when they left.  

With short term rentals, you tend to take a larger cut as there are many things involved in the day to day upkeep, think 12-25%.

Unfortunately, in CA driving the train is a lot more expensive, as our fuel's touted to go up at least .46 a gallon, and it's already $5.

Start cutting the favoritism, the golden net's, remove hurdles for small business launch, remove corporate favoritism and watch things correct themself.