@Justin Pumpr I'm in the process of hiring additional people, and I just started handling some remodels for another California investor.

That's my comparitive house.I can pickup a clone a block away on the same street for $7k but it will need the same extensive remodel. 

Interested in Owner Contract if terms are good (wants to be paid out after remodel and refinance)One of my goals is to incorporate local, multi family and long term real estate holds for passive income in my portfolio.  

Spend close to $200k to remodel, rehab, and furnish this large home in the mid-century modern style so popular in the area.

Hi Eric, I am working with Open Remodel based in Santa Clara/Cupertino, they have been fast and amazing!

I completed the purchase on March 29th and both sides have been remodeled and rented out since then.

As you suggest above, you are better off having 2 entities.  1 remodeling LLC and another that holds the property. 

There are two completely remodeled/finished units on the second and third floors that are currently occupied by tenants. 

None, in my my opinion, had a realistic chance of achieving the 1% rule without extensive remodeling, construction, complete turnover of existing tenants and associated rehab/vacancy costs, or improvements. 

Compare apples to apples in 3bed/2bath houses or 2bed/1bath houses, and make sure to compare remodeled homes to remodeled homes, and fixer uppers to fixer uppers.