It's easy to whittle down IMO.

Heck yeah, you'd rule the world.... :-)

There is no easy way to find them.

I learned its not as easy as pricing based on the square footage.

I am in search of an efficient system  to track my rental properties regarding income and expenses to make it easy for my accountant at tax time.

While selling this home would be easy, after paying for everything you will have less than 150K to walk away with.

This isn't to say you can't implement your flipping business part-time; however, it'll not be easy.

I find that the one percent rule is merely a way to scan (mostly on market) properties to see how close they are to cash flow.

You collect it on behalf of your "clients", so you should follow whatever fiduciary rules are necessary in your state for that. 

Loopholes are often used in illegal ways.In this case, it is just the law, the rules, the regs...it was designed this way and is working as directed.I think it is important to make sure people understand the differences.