If you can't accept that tenants don't always play by the rules then the rental business is not the space for you.

I am interested in sfh 1300sf and bigger in A-B neighborhoods. 1% Rule minimum.

@Andrew Michael That is HILARIOUS HAHAH.Account Closed I appreciate your support! 

I have many investors I have worked with that rave about the great information and support they received from the users of this site.

Thanks to everyone for their support and insight on the subject.

Is there some rule of thumb regarding how much one should spend on a rehab? 

I'm just wondering what some people's rules of thumbs in the region are for like flipping or rents.Bigger Pocket guidelines are usually like 70% rule of thumb for flipping and 2% test for BRRR.The Bay is kind of a special child, so was wondering what kind of numbers people look for here?

The more you have the more you can lend...the old "it takes money to make money rule" BUT...if you borrow OPM and lend it out then you can use theirs to make the spread.

If you accidentally take out too much, no rule says you can't pay a mortgage balance down during a refinance. 

It appears the units are below market, however with some cosmetic repairs and perhaps some capex's I feel I could increase the rent by at minimum (based on local comps) 68%.I would offer 85% of list and estimated $20,000 in repairs/upgrades (this is probably a generous estimate - the property appears to be in good shape, basically needs a face lift).With all these figures, including the 50% rule, financing with 20% down @ 3.5%, I come out to a profit of $262 per unit and a cash-on-cash return of 9.53%.So, does this seems reasonable?